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...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
...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....
...Here’s AIG’s relative total share return peer group: AIG says: Peers used for relative TSR performance metric applicable to PSUs granted in 2020 and 2021 reflected a combination of General Insurance, Life...
...American Insurance Group said it would proceed with a secondary sale of its share in life insurance spin-off Corebridge Financial, having postponed a move in the first quarter because of financial sector...
...American Insurance Group said it would proceed with a secondary sale of its share in life insurance spin-off Corebridge Financial, having postponed a move in the first quarter due to financial sector turmoil...
...It also announced the acquisition of Irish health underwriting firm Laya for €650mn from US insurer AIG’s Corebridge Financial....
...Storah has almost 20 years of experience at the FTSE 100 insurance group....
...AIG’s chief executive said it had held off proceeding with a secondary sale of its shares in life insurance spin-off Corebridge in the first quarter, as problems in the financial sector shook up markets....
...Lessors managed to retrieve some of the planes but around 400 are still in the country and the companies subsequently lodged insurance claims last year....
...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....
...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....
...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....
...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...Axa pivoted in 2020 to focus more on healthcare insurance....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...This trend has intensified in recent years with large insurers following suit: for example, Allstate, Chubb and AIG sharply scaled down operations in California citing onerous price regulation....
...AIG has fired its interim chief financial officer less than a month after giving him the position, saying he breached the insurance group’s confidentiality rules....
...AerCap, the world’s largest owner of commercial aircraft, is taking action against insurance groups AIG, Lloyd’s of London and Fidelis after its planes were stranded in the chaotic aftermath of the invasion...
...His father, Maurice “Hank” Greenberg — who once led AIG to become the world’s largest insurer — headed an open letter from economic and foreign-policy figures in The Wall Street Journal on Wednesday calling...
...It’s important that the analysts cite “insurance groups” and not individual insurance companies, because life insurers’ corporate structures and regulatory environments are very different than banks’....
...Crypto exchange Coinbase, ride-hailing company Lyft, insurance provider AIG, and travel companies Expedia and Booking Holdings report after the bell....
...Carlyle purchased just under a fifth of reinsurer Fortitude Re from AIG in 2018 before striking a new deal last year that reduced its stake but boosted Carlyle’s assets by about $50bn....
...In September, it floated its life insurance and asset management business, rebranded as Corebridge Financial, raising $1.7bn....
...Three large insurers, AIG, Prudential and MetLife, plus GE Capital were initially designated as “systemically important financial institutions” or Sifis, under the Obama administration....
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