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AIG, a global (re)insurer, takes great pride in improving the situations and operations of its insureds and local communities. This ambition to assist; wherever possible, extends far beyond the course of normal business. AIG Bermuda has always been a...

American International Group made a loss of $6.7 billion on the sale of its Bermudian-based legacy reinsurer, the insurance giant revealed. AIG reported a net loss of $7.9 billion for the three months from April to June, driven mainly by the hefty ac...

American International Group has donated $35,000 to community efforts to help those most impacted by the Covid-19 crisis. The US-based insurance giant with a 70-year history on the island gave the money to the Bermuda Community Foundation’s Covid-19...

American International Group Inc has entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $500 million of AIG’s common stock. It is part of AIG’s existing share repurchase authorisation of $2 billion announced a y...

American International Group has reported a profit of $922 million, or $1.03 per diluted common share, for the fourth quarter. That compares to a net loss of $622 million, or 70 cents per share, in the prior-year quarter. The company said the improve...

There will be a new president at American International Group Inc from January 1. Chief operating officer Peter Zaffino takes on the title from Brian Duperreault, who was appointed as both president and chief executive officer in May 2017. Bermudian-...

American International Group has sold a majority stake in its Bermudian legacy reinsurer Fortitude Re. The deal involves private-equity group Carlyle Group and Japanese insurer T&D Holdings partnering to pay $1.8 billion for a 76.6 per cent stake in ...

American International Group’s shares gained on Friday and yesterday after the insurer reported net income of $648 million for the third quarter. The result was a positive swing from a net loss of $1.3 billion in the corresponding period last year. H...

American International Group has formed AIG Re to consolidate the company’s global reinsurance operations. The new global business will be led by chief executive officer Christopher Schaper, who will be based in Bermuda, AIG said. The businesses to b...

Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group. He takes over from Kean Driscoll, who has been appointed AIG’s global chief underwriting officer for property a...

American International Group has appointed Mark Lyons to the role of executive vice-president and chief financial officer. He succeeds Sid Sankaran, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year...

NEW YORK — Investors aren’t blaming Brian Duperreault for the forces of Mother Nature. American International Group shares surged as much as 8.1 per cent yesterday, the biggest increase in almost seven years, as the insurer showed improvement in a ke...