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...AIG has had a string of chief executives and a stop-start restructuring since its bailout in the 2008 financial crisis....
...AIG has agreed to sell reinsurance business Validus Re to Bermuda-based RenaissanceRe for just shy of $3bn, in what the US insurer called another “key milestone” in the simplification of the group.RenaissanceRe...
...AIG chief executive Peter Zaffino revealed in May that the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the...
...AIG chief executive Peter Zaffino revealed in May the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the year...
...So how will AIG respond to the heavy vote defeat?...
...AIG’s shares rose 5 per cent in early trading on Friday....
...Unlike rivals such as Apollo Global and KKR, both of which own large insurers, Blackstone manages assets it acquires on behalf of insurers such as Allstate and AIG....
...AIG’s shares rose by more than 3.5 per cent following the public announcement of the deal....
...Blackstone Group employee has been charged with insider trading after allegedly tipping off close friends about a series of large deals, including a $2.2bn investment by the private-equity group into insurer AIG...
...He had done one stint in the CFO role, from 2018 to 2021, having joined AIG from Arch Capital....
...It also announced the acquisition of Irish health underwriting firm Laya for €650mn from US insurer AIG’s Corebridge Financial....
...Based on its forecast book value and the 1.4 times book which AIG received for Validus, XL should be worth around €2.5bn in a trade sale, think Berenberg analysts....
...meetings France: Q4 unemployment rate figures Germany: February Zew Economic Sentiment Survey UK: February labour market data US: January CPI inflation rate data Results: American International Group (AIG...
...Several insurers contacted by the FT, including AIG and Lloyd's of London, declined to comment. AerCap was unavailable for comment....
...In its filing, AIG said that the proposed reorganisation of AIG FP would limit any amount the 46 executives can claim to under $1mn....
...Australia’s monthly services PMI is issued, as are the AIG construction and manufacturing indices for June, the ANZ commodity price index and the latest retail sales data....
...At around the same time, AIG completed the minority stake IPO of Corebridge Financial, an annuity company, at a valuation of about $13.5bn....
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...Instead of buying outright, it has struck partnerships with several large insurers including AIG and Allstate, where it provides asset management services to their policies....
...Flowers, who attempted a rescue of insurer AIG during the 2008 financial crisis, said investors were underestimating the risks resulting from a flood of money into private credit loans and a push by insurers...
...Winslow, who has previously held roles at US insurer AIG and is also a non-executive director at Pool Re, the UK’s state-backed terrorism reinsurer, praised Direct Line’s “rich heritage and passion for serving...
...He joined Icahn’s hedge fund in 2012 and was nominated by the octogenarian billionaire activist investor to serve as a director of companies including AIG, PayPal Holdings and Xerox....
...Last year the £13bn National Grid UK Pension Scheme appointed Russell Investments to an OCIO mandate; BlackRock was appointed by insurer AIG to manage up to $150bn in fixed income and private assets; and...
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