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AIG Life Ltd, a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. In a statement, American International Group said: “Ellipse’s group protection capab...

NEW YORK (Bloomberg) — American International Group shares dropped to the lowest level in almost two years after first-quarter profit declined and fell short of analysts’ estimates. Insurance results were hurt by catastrophe costs and a decline in ne...

NEW YORK (Bloomberg) – American International Group awarded Brian Duperreault a $43.1 million pay package last year after he took over as the insurer’s chief executive officer. The compensation includes $12 million in cash to replace awards Mr Duperr...

Four charities received a total of $35,000 in donations from AIG Bermuda. The Salvation Army, Meals on Wheels, The Eliza Do Little Society and The Lady Compassionate Association were named as AIG’s 2018 charitable donation recipients. Each was presen...

American International Group says it expects its new Bermudian-based run-off company to bring jobs to the island. The new entity, known as DSA Reinsurance Company, will manage four-fifths of AIG’s legacy business and will be backed by $40 billion of ...

Validus Holdings is likely to operate much as it does now after it is taken over by American International Group in a $5.56 billion deal expected to close later this year. Brian Duperreault, AIG’s chief executive officer, said in a conference call wi...

American International Group has agreed to buy Bermudian reinsurer Validus Holdings in a deal worth $5.56 billion. The US company’s offer of $68 per share represents a 45.5 per cent premium to Validus’s closing stock price on Friday. AIG said the dea...

This joint op-ed from the senior executives at American International Group and Validus Holdings comes after the announcement today that US insurer AIG has agreed to buy Bermudian-based Validus in a deal worth $5.56 billion. Today we announced that...

Catastrophe losses of $3 billion before tax, caused primarily by hurricanes Harvey, Irma and Maria, impacted American International Group’s third-quarter earnings. The company reported a net loss of $1.7 billion, or $1.91 per share. That compares wit...

The former group chief financial officer at Novae Group has joined American International Group as head of reinsurance, operations and transformation, general insurance. Charles Fry has also served as chief operating officer of Guy Carpenter among hi...

NEW YORK (Bloomberg) — American International Group is no longer too big to fail. That was the ruling on Friday from the Financial Stability Oversight Council, which said AIG, whose collapse in 2008 reverberated throughout the US economy, was no long...

American International Group is to reorganise into three units, as chief executive officer Brian Duperreault moves to rejuvenate the US insurance giant. The company, which has long-established offices in Bermuda, said yesterday it will no longer have...