It looks like the changes made by American International Group (AIG) to its executive compensation programme have worked in getting greater backing from shareholders, as reflected by the voting results at AIG’s annual shareholder meeting.… Read More
(Reuters) – American International Group Inc (AIG.N) faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay.
FILE PHOTO: American International Group Inc. (AIG) headquarters seen on the day of the companyÕs 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn
Investors offered relatively weak support for AIG’s pay proposals in the prior two years during the era of Chief Executive Officer Brian Duperreault, who joined the U.S. insurer in May, 2017 with a lucrative package
(Reuters) – Insurer American International Group Inc (AIG.N) on Monday posted a 93% drop in quarterly adjusted profit, as it set aside money to cover claims related to the COVID-19 outbreak, which it called the single largest catastrophe loss the industry has ever seen.
FILE PHOTO: American International Group Inc (AIG) headquarters seen on the day of the company’s 2017 annual shareholder meeting at 175 Water Street, New York, U.S., June 28, 2017. REUTERS/Suzanne Barlyn/File Photo
AIG, one of the largest U.S. insurers, posted an underwriting loss of $87 million in its general insurance business in the first
American International Group, Inc. (AIG) made history on Monday with the launch of the largest ever syndicate through Lloyd’s.
Syndicate 2019 has been set up to exclusively reinsure risks from AIG’s Private Client Group (PCG), which has a leading market position in the high net worth (HNW) segment. AIG has secured significant capital support for the syndicate from third-party investors and capacity providers. When combined with its existing Lloyd’s operations, AIG now operates the ninth largest managing agency in the Lloyd’s market, in terms of capacity.
“Syndicate 2019 is a unique and industry-defining structure between AIG and the oldest insurance