International Marxist Group

William G. Jurgensen to Retire from the AIG Board of Directors

Retrieved on: 
Monday, March 13, 2023

American International Group, Inc. (NYSE: AIG) today announced that William G. (Jerry) Jurgensen has decided to retire from the AIG Board of Directors and will not stand for re-election at the company’s 2023 Annual Meeting in May.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that William G. (Jerry) Jurgensen has decided to retire from the AIG Board of Directors and will not stand for re-election at the company’s 2023 Annual Meeting in May.
  • “On behalf of the Board of Directors, I want to thank Jerry for his service to AIG,” said Peter Zaffino, Chairman & Chief Executive Officer.
  • “Over the last decade, AIG and the Board benefitted from Jerry’s many contributions and insights, and we wish him the very best in the future.”
    Mr. Jurgensen is the former Chief Executive Officer of Nationwide Financial Services, Inc., serving in that role from 2000 to 2009.
  • Mr. Jurgensen has served on the AIG Board of Directors since 2013.

Janus International Group to Report Fourth Quarter 2022 Results and Provide Long-Term Outlook on March 16, 2023

Retrieved on: 
Monday, March 6, 2023

A webcast and conference call will be held that same day at 10:00 a.m. Eastern time to review the Company’s fourth quarter and full year results, discuss its long-term strategic and financial outlook, and conduct a question-and-answer session.

Key Points: 
  • A webcast and conference call will be held that same day at 10:00 a.m. Eastern time to review the Company’s fourth quarter and full year results, discuss its long-term strategic and financial outlook, and conduct a question-and-answer session.
  • For those unable to access the webcast, the conference call will be accessible domestically or internationally, by dialing 1-877-407-0789 or 1-201-689-8562, respectively.
  • Upon dialing in, please request to join the Janus International Group Fourth Quarter 2022 Earnings Conference Call.
  • To access the replay of the call, dial 1-844-512-2921 (Domestic) and 1-412-317-6671 (International) with pass code 13735631.

AIG Unveils a Refreshed AIG.com and Digital Broker Portal Focusing on Brand Position and Advancing Its Multi-Phase Digital Transformation

Retrieved on: 
Monday, March 6, 2023

American International Group, Inc. (NYSE: AIG) today announced a significant milestone in its ongoing digital transformation with the launch of a refreshed AIG.com website and reimagined myAIG Broker Portal.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced a significant milestone in its ongoing digital transformation with the launch of a refreshed AIG.com website and reimagined myAIG Broker Portal.
  • The new AIG.com is designed to make engaging and working with AIG easier for brokers, risk managers, investors, current and future colleagues, among others.
  • The new capabilities available in the broker portal will expand globally beginning in early-2024.
  • “The broker enhancements we are introducing today represent a major step forward in AIG’s digital transformation efforts,” said Claude Wade, Executive Vice President, Global Head of Operations and Shared Services and Chief Digital Officer, AIG.

SmartEquip celebrates record global network growth, supporting equipment owners, dealers and manufacturers

Retrieved on: 
Wednesday, March 1, 2023

Founded in 2000, the company's platform provides a seamless brand-enhancing experience for fleet owners, manufacturers, and distributors of complex equipment.

Key Points: 
  • Founded in 2000, the company's platform provides a seamless brand-enhancing experience for fleet owners, manufacturers, and distributors of complex equipment.
  • SmartEquip's global Network allows manufacturers and dealers electronically to pinpoint-deliver the right parts and support information to the individual service technician, dynamically customized to the make, model, and serial number of the equipment.
  • Manufacturers and dealers on the platform additionally can utilize SmartEquip's e-Commerce platform, to provide similarly support and commerce capabilities within their own websites.
  • Visit the company in the West Hall at Booth W43001 with Ritchie Bros. To book a SmartEquip a demo, click here!

Diana Murphy and Vanessa Wittman to Join AIG’s Board of Directors

Retrieved on: 
Monday, February 27, 2023

American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.

Key Points: 
  • American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.
  • “Diana and Vanessa have extensive and diverse executive and board experience, and we are delighted that they will join the AIG Board,” said Peter Zaffino, Chairman & Chief Executive Officer, AIG.
  • “Diana brings significant business acumen, a track record of leading complex companies through strategic and organizational change, and a deep commitment to community service.
  • Ms. Wittman currently serves as a Director and Chair of the Audit Committee of both Booking Holdings, Inc. and Oscar Health, Inc.

Janus International Appoints David Vanevenhoven as Chief Accounting Officer

Retrieved on: 
Tuesday, February 21, 2023

Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of David Vanevenhoven as Chief Accounting Officer, on February 20, 2023.

Key Points: 
  • Janus International Group, Inc. (NYSE: JBI) (“Janus” or the “Company”), a leading provider of cutting-edge access control technologies and building product solutions for the self-storage and other commercial and industrial sectors, today announced the appointment of David Vanevenhoven as Chief Accounting Officer, on February 20, 2023.
  • Mr. Vanevenhoven brings over 15 years of experience in financial accounting and auditing to oversee Janus’s accounting function, financial reporting, and internal controls.
  • Prior to his tenure at Mirion Technologies, Mr. Vanevenhoven oversaw financial reporting and accounting processes as Assistant Corporate Controller/Director of Accounting at Fleet Farm.
  • Mr. Wong commented, “David is a proven leader with an extensive background of overseeing global accounting policies and leading the accounting and integration of several domestic and international acquisitions.

United Lithium Appoints Scott Eldridge as Chief Executive Officer and Announces $7 Million Private Placement

Retrieved on: 
Tuesday, February 21, 2023

VANCOUVER, British Columbia, Feb. 21, 2023 (GLOBE NEWSWIRE) -- United Lithium Corp. (CSE: ULTH; OTC: ULTHF; FWB: 0ULA) (“ULTH” or the “Company”) is pleased to announce the appointment of Mr. Scott Eldridge as the new President & Chief Executive Officer of the Company. Mr. Eldridge has also joined the Company’s Board of Directors. Mr. Michael Dehn, the previous President & Chief Executive Officer, will transition to a consulting role with the Company.

Key Points: 
  • Mr. Michael Dehn, the previous President & Chief Executive Officer, will transition to a consulting role with the Company.
  • The Board of Directors of the Company appreciates Mr. Dehn’s continued commitment in his new role as a consultant and advisor to the Company.
  • Mr. Eldridge also served as CFO of Amarillo Gold prior to its takeover by Hochschild Mining and more recently, CEO and director of Canagold Resources.
  • Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

AIG Announces Plans to Form Independent Managing General Agency to Serve High Net Worth and Ultra High Net Worth Markets

Retrieved on: 
Monday, February 13, 2023

American International Group (NYSE: AIG) today announced that it has entered into a binding memorandum of understanding with Stone Point Capital LLC (Stone Point), a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent Managing General Agency (MGA) to serve High Net Worth and Ultra High Net Worth markets.

Key Points: 
  • American International Group (NYSE: AIG) today announced that it has entered into a binding memorandum of understanding with Stone Point Capital LLC (Stone Point), a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent Managing General Agency (MGA) to serve High Net Worth and Ultra High Net Worth markets.
  • “As previously disclosed, AIG has been exploring structures that, over time, will allow PCG to be supported by third-party capital providers, including AIG and its innovative syndicate at Lloyd’s, referred to as Syndicate 2019.
  • By partnering with a world-class private equity firm like Stone Point, we can maximize the strengths of this business and improve product offerings to better serve the High and Ultra High Net Worth markets,” said Peter Zaffino, Chairman and Chief Executive Officer, AIG.
  • “We are excited to be entering this partnership and look forward to building a top performing MGA committed to excellence in the attractive High and Ultra High Net Worth markets,” said Jim Carey, Managing Director Stone Point.

Best's Market Segment Report: P&I Clubs See Improving Underwriting Results but Investment Environment Remains Challenging

Retrieved on: 
Monday, February 13, 2023

The Best’s Market Segment Report, “P&I Clubs in 2023: Improving Underwriting Results but Investment Environment Remains Challenging,” states that the overall credit quality of the International Group of P&I Clubs, which collectively insures approximately 90% of the world’s oceangoing tonnage, has deteriorated due to underwriting and investment losses, leading to a reduction in free reserves.

Key Points: 
  • The Best’s Market Segment Report, “P&I Clubs in 2023: Improving Underwriting Results but Investment Environment Remains Challenging,” states that the overall credit quality of the International Group of P&I Clubs, which collectively insures approximately 90% of the world’s oceangoing tonnage, has deteriorated due to underwriting and investment losses, leading to a reduction in free reserves.
  • However, AM Best believes that the clubs have sufficient tools at their disposal to navigate the challenges that the segment is facing and to improve their credit quality once again.
  • For 2022/23, AM Best expects underwriting performance to improve, returning an overall combined ratio close to 100% (2021/22: 107%).
  • To access a complimentary copy of this market segment report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=328794 .

AIG Announces Leadership Changes

Retrieved on: 
Monday, January 30, 2023

In recognition of Mr. Lyons’ contributions to AIG since he joined the Company in 2018, the Company entered into a settlement agreement with Mr. Lyons.

Key Points: 
  • In recognition of Mr. Lyons’ contributions to AIG since he joined the Company in 2018, the Company entered into a settlement agreement with Mr. Lyons.
  • Sabra Purtill has been named AIG’s Interim Chief Financial Officer and Turab Hussain has been named AIG’s Interim Global Chief Actuary.
  • Prior to that, she was AIG’s Executive Vice President and Chief Risk Officer and Deputy Chief Financial Officer.
  • Before joining AIG, Ms. Purtill held senior leadership roles in Finance and Investor Relations at The Hartford Financial Services Group, Inc., Assured Guaranty Ltd. and ACE Limited (now Chubb Limited).