Articles from American International Group, Inc.

American International Group, Inc. (NYSEAIG) today announced that effective immediately Jon Hancock will take on additional responsibilities as it organizes its business into three distinct segments:

American International Group, Inc. (NYSEAIG) will report financial results for the fourth quarter and full year ended December 31, 2024, after the market closes on Tuesday, February 11, 2025. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that Christopher Flatt, currently Head of AIG North America Alternative Channels, has been named Global Chief Underwriting Officer, effective immediately. Mr. Flatt will report directly to Peter Zaffino, Chairman & Chief Executive Officer, AIG and join the company’s Executive Leadership Team.

American International Group, Inc. (NYSEAIG) today announced that it has led the launch of a new reinsurance syndicate at Lloyd’s. Syndicate 2478 will commence underwriting from January 1, 2025, and will be a multi-year participant on AIG’s outwards reinsurance program.

American International Group, Inc. (NYSEAIG) today announced the results of its previously announced 12 separate offers (the “Offers”) to purchase for cash the notes of the series listed in the table below (collectively, the “Notes”) and that it has amended the Offers by increasing the applicable Maximum Purchase Consideration from $750 million to $1.16 billion. The Offers were made pursuant to AIG’s Offer to Purchase, dated December 6, 2024 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

American International Group, Inc. (NYSEAIG) today announced the pricing terms for each series of the Notes included in its previously announced tender offers (the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The Offers are being made pursuant to AIG’s Offer to Purchase, dated December 6, 2024 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of each Offer, and the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

American International Group, Inc. (NYSEAIG) today announced that is has successfully closed the previously announced sale of approximately 120 million shares of its Corebridge Financial, Inc. (“Corebridge”) common stock to Nippon Life Insurance Company for $31.47 per share, for an aggregate purchase price of $3.8 billion.

American International Group, Inc. (NYSEAIG) today announced that it has commenced 12 separate offers (each, an “Offer” and collectively, the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table below, except where acceptance of a series of Notes would cause the Maximum Purchase Condition (as defined below) to be violated, in which case, the Non-Covered Notes (as defined below) with a higher Acceptance Priority Level may not be accepted for purchase and a series of Notes with a lower Acceptance Priority Level may be accepted for purchase as described below. If a given series of Notes is accepted for purchase pursuant to the Offers, all Notes of that series that are validly tendered will be accepted for purchase. No series of Notes will be subject to proration pursuant to the Offers.

American International Group, Inc. (NYSEAIG) today announced that it successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group on December 2, 2024.

American International Group, Inc. (NYSEAIG) today announced that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately. Mr. Schaper will continue to report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will continue to serve on AIG’s Executive Leadership Team.

American International Group, Inc. (NYSEAIG) today announced that Courtney Leimkuhler, co-founder and Managing Partner of the venture fund, Springbank, has been elected to its Board of Directors as an independent Director, effective November 5, 2024.

American International Group, Inc. (NYSEAIG) today reported financial results for the third quarter ended September 30, 2024.

American International Group, Inc. (NYSEAIG) today announced plans to consolidate and expand its Atlanta-area footprint with the relocation of its Alpharetta and Buckhead operations to a new innovation hub at 2002 Summit Boulevard Northeast in Brookhaven, Georgia. The Company is designing a collaborative workspace that will accommodate current employees and more than 600 new local hires.

American International Group, Inc. (NYSEAIG) today announced that it will redeem all of its outstanding Zero Coupon Callable Notes Due 2047 (Common Code 168419864 / ISIN XS1684198648) (the “Notes”) on November 22, 2024 (the “Redemption Date”). On the Redemption Date, AIG will pay to the registered holders of the Notes a redemption price equal to 135.631% of the face amount of the Notes outstanding on such Redemption Date. As of October 21, 2024, $400,000,000 face amount of the Notes was outstanding.

American International Group, Inc. (NYSEAIG) will report financial results for the third quarter ended September 30, 2024, after the market closes on Monday, November 4, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024. Mr. Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino and become a member of the Executive Leadership Team. He will be responsible for leading AIG’s global Finance organization and will be based in New York.

American International Group, Inc. (NYSEAIG) today announced that it will redeem all of its outstanding Series A-3 Junior Subordinated Debentures (Common Code 026874BG1 / ISIN XS0291642154) (the “Debentures”) on September 16, 2024 (the “Redemption Date”). On the Redemption Date, AIG will pay to the registered holders of the Debentures a redemption price equal to 100% of the principal amount of the Debentures, plus accrued and unpaid interest to, but not including, the Redemption Date. As of September 3, 2024, €41,550,000 aggregate principal amount of the Debentures were outstanding.

American International Group, Inc. (NYSEAIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at the 2024 KBW Insurance Conference on Wednesday, September 4, 2024, at 4:20 p.m. ET.

American International Group, Inc. (NYSEAIG) today reported financial results for the second quarter ended June 30, 2024.

American International Group, Inc. (NYSEAIG), today announced that Melissa Twiningdavis has been appointed Executive Vice President, Chief Administrative Officer, effective September 1, 2024. Ms. Twiningdavis will report to AIG Chairman and Chief Executive Officer, Peter Zaffino with responsibility for global administrative services, including global sourcing and procurement, real estate and facilities, and shared services operations. She will become a member of AIG’s Executive Leadership Team and will be based in New York.

American International Group, Inc. (NYSEAIG) today announced the appointment of Adam Burk as Global Treasurer and Head of Corporate Development, effective immediately. He will continue to report to Sabra Purtill, Executive Vice President, Chief Financial Officer, with responsibility for AIG’s global treasury activities, including capital management, banking and rating agency relations, global capital markets, liquidity management, and cash management, in addition to his current role leading the Corporate Development and Strategy team.

American International Group, Inc. (NYSEAIG) will report financial results for the second quarter ended June 30, 2024, after the market closes on Wednesday, July 31, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that it has entered into a definitive agreement to sell its global individual personal travel insurance and assistance business to Zurich Insurance Group for $600 million in cash plus additional earn-out consideration. The agreement includes the Travel Guard business and its servicing capabilities, excluding Japan and our AIG joint venture arrangement in India.

American International Group, Inc. (NYSEAIG) today announced it has met the requirements for the deconsolidation of Corebridge Financial NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024. Mr. Browne will report to Jon Hancock, Executive Vice President and Chief Executive Officer, International Insurance, and will serve on the International Insurance leadership team. Mr. Browne rejoins AIG from Allianz, where he served as Global Head of Specialty since April 2023.

American International Group, Inc. (NYSEAIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference on Wednesday, May 29, 2024, at 11:00 a.m. ET.

AIG today announced that it has reached an agreement to sell approximately 120 million shares of its Corebridge common stock to Nippon Life Insurance Company (Nippon Life) for $31.47 per share, for an aggregate purchase price of $3.8 billion. The shares represent 20% of the outstanding shares of Corebridge at signing. Under the terms of the transaction, AIG has agreed to maintain a 9.9% ownership stake in Corebridge for two years after the closing.

American International Group, Inc. (NYSEAIG) today reported financial results for the first quarter ended March 31, 2024.

American International Group, Inc. (NYSEAIG) today announced that Kelly Lafnitzegger will join AIG as Executive Vice President and Chief Human Resources & Diversity Officer (CHRO), effective June 1, 2024. Ms. Lafnitzegger will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and will be a part of AIG’s Executive Leadership Team.

American International Group, Inc. (NYSEAIG) today announced that David McElroy will retire from AIG effective May 1, 2024. Mr. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the Company.

American International Group, Inc. (NYSEAIG) will report financial results for the first quarter ended March 31, 2024, after the market closes on Wednesday, May 1, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today reported financial results for the fourth quarter and full year ended December 31, 2023.

American International Group, Inc. (NYSEAIG) today announced that its Board of Directors has elected John (Chris) Inglis as an independent Director, effective March 1, 2024.

American International Group, Inc. (NYSEAIG) today announced that it will redeem all outstanding shares of its Series A 5.85% Non-Cumulative Perpetual Preferred Stock (CUSIP 026874 750 / ISIN US0268747500) (the “Series A Preferred Stock”) and all the corresponding Depositary Shares (CUSIP 026874 768 / ISIN US0268747682) (the “Depositary Shares”), each representing a 1/1,000th interest in a share of Series A Preferred Stock, on March 15, 2024 (the “Redemption Date”). The redemption price per share of Series A Preferred Stock will be $25,000 (equivalent to $25.00 per Depositary Share) (the “Redemption Price”). The Redemption Price does not include an amount equal to any dividends per share that have been declared but not paid prior to the Redemption Date and that will be payable on the Redemption Date to holders of record on the record date for such dividend payment. As of January 31, 2024, 20,000 shares of Series A Preferred Stock and 20,000,000 Depositary Shares were outstanding.

American International Group, Inc. (NYSEAIG) will report financial results for the fourth quarter and full year ended December 31, 2023, after the market closes on Tuesday, February 13, 2024. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group (NYSEAIG) today announced that its Board of Directors has elected James (Jimmy) Dunne III as an independent Director, effective December 1, 2023.

American International Group, Inc. (NYSEAIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced that Rose Marie Glazer, who served as Interim General Counsel since October 1, 2023, has been named General Counsel, with immediate effect, overseeing AIG’s legal, compliance, regulatory and government affairs functions.

American International Group, Inc. (NYSEAIG) today announced, in connection with its previously announced tender offer (the “Tender Offer”) to purchase outstanding notes and debentures (collectively, the “Securities”), the pricing terms for the series of Securities listed in the table below that have been validly tendered (and not subsequently validly withdrawn) on or prior to the Early Participation Date (as defined below) and accepted for purchase by AIG, for an aggregate purchase consideration of up to $1.5 billion (excluding Accrued Interest (as defined below)). The Tender Offer is being made pursuant to AIG’s Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of the Tender Offer. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

American International Group, Inc. (NYSEAIG) today announced the early results of its previously announced tender offer (the “Tender Offer”) to purchase for cash the notes and debentures of the series listed in the table below (collectively, the “Securities”). The Tender Offer was made pursuant to AIG’s Offer to Purchase, dated November 6, 2023 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of the Tender Offer. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.

American International Group, Inc. (NYSEAIG) today announced that Roshan Navagamuwa will be joining AIG in December and has been named EVP and Chief Information Officer, effective January 1, 2024. Mr. Navagamuwa will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.

American International Group, Inc. (NYSEAIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today commenced a cash tender offer for 13 series of its outstanding debt securities. The complete terms of the tender offer are set forth in the offer to purchase, dated today. Securities that are accepted in the tender offer will be purchased, retired, and cancelled by AIG. Consummation of the tender offer is subject to a number of conditions, including the absence of any adverse legal and market developments (as described in the offer to purchase). Subject to applicable law, AIG may waive certain of these conditions or extend, terminate or otherwise amend the tender offer.

American International Group, Inc. (NYSEAIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today reported financial results for the third quarter ended September 30, 2023.

American International Group, Inc. (NYSEAIG) today announced that is has successfully completed the previously announced sale of Validus Re to RenaissanceRe. AIG received total consideration of $3.3 billion in cash, including a pre-closing dividend, and approximately $275 million in RenaissanceRe common shares.

American International Group (NYSEAIG) is pleased to announce that David McElroy, currently Chief Executive Officer, General Insurance, will assume the newly created role of Chairman, General Insurance; Don Bailey, currently Global Head of Distribution and Field Operations, will assume the role of CEO, North America Insurance; and Jon Hancock, currently Chief Executive Officer of International General Insurance, will assume the role of CEO, International Insurance, effective January 1, 2024. Mr. McElroy, Mr. Bailey and Mr. Hancock will report to Peter Zaffino, Chairman & Chief Executive Officer of AIG, and will serve on AIG’s Executive Leadership Team.

American International Group, Inc. (NYSEAIG) will report financial results for the third quarter ended September 30, 2023, after the market closes on Wednesday, November 1, 2023. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that Patricia (Trish) Walsh will join AIG as Executive Vice President and General Counsel, effective December 1, 2023. Ms. Walsh will report to Peter Zaffino, AIG Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.

American International Group (NYSEAIG) today announced that Edward L. Dandridge has joined the company as Executive Vice President and Chief Marketing & Communications Officer, effective October 16, 2023. Mr. Dandridge will report to Peter Zaffino, Chairman & Chief Executive Officer, and serve on AIG’s Executive Leadership Team.

American International Group (NYSEAIG) today announced that Lucy Fato will transition from her current role as Executive Vice President, General Counsel & Global Head of Communications and Government Affairs to Vice Chair at AIG, effective October 1, 2023. In this newly created role, Ms. Fato will report to Peter Zaffino, Chairman & Chief Executive Officer of AIG, and continue to support AIG's journey to become a top performing global insurer.

American International Group, Inc. (NYSEAIG) today announced that Peter Zaffino, AIG Chairman & Chief Executive Officer, will participate in a fireside chat at the 2023 Keefe, Bruyette & Woods Insurance Conference on Wednesday, Sept. 6, 2023 at 4:20 p.m. ET.

American International Group, Inc. (NYSEAIG) (“AIG”) today announced that Validus Holdings, Ltd. (“Validus Holdings”), an AIG company, will redeem all of the outstanding 8.875% Senior Notes due 2040 (CUSIP 91915WAB8 / ISIN US91915WAB81) of Validus Holdings (the “Notes”) on September 21, 2023 (the “Redemption Date”) and directed The Bank of New York Mellon, the trustee with respect to the Notes (the “Trustee”), to deliver a notice of redemption to each registered holder of the Notes (the “Holders”).

American International Group, Inc. (NYSEAIG) today reported financial results for the second quarter ended June 30, 2023.

American International Group, Inc. (NYSEAIG) will report financial results for the second quarter ended June 30, 2023, after the market closes on Tuesday, August 1, 2023. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that its definitive agreement with funds managed by Stone Point Capital LLC (Stone Point) to form an independent Managing General Agency (MGA) specializing in the High Net Worth and Ultra High Net Worth markets called Private Client Select Insurance Services (PCS) has successfully closed.

American International Group, Inc. (NYSEAIG) today announced the closing of its secondary offering of shares of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. NYSE: CRBGNYSECRBG)

American International Group, Inc. (NYSEAIG) today reported financial results for the first quarter ended March 31, 2023.

For the sixth consecutive year, DiversityInc, a leading source of human capital data, education and advice, has named American International Group, Inc. (NYSEAIG) on the DiversityInc Top 50 Companies for Diversity list. AIG placed 35th on the list.

American International Group (NYSEAIG) today announced that it has finalized its agreement with funds managed by Stone Point Capital LLC (Stone Point), a leading private equity firm focused on investing in businesses within the global financial services industry, to form Private Client Select Insurance Services (PCS), an independent Managing General Agency (MGA) to serve High Net Worth and Ultra High Net Worth markets.

American International Group, Inc. (NYSEAIG) today issued the following statement from Chairman & Chief Executive Officer Peter Zaffino on behalf of the AIG Board of Directors regarding the passing of Thomas F. Motamed, who served as a Director on the AIG Board from January 2019 to January 2023.

American International Group, Inc. (NYSEAIG) today announced that Chris Colahan has been appointed Regional President, AIG Asia Pacific, and will join the company in the second quarter of 2023. Mr. Colahan will report to Jon Hancock, Chief Executive Officer of AIG’s International General Insurance business.

American International Group, Inc. (NYSEAIG) will report financial results for the first quarter ended March 31, 2023, after the market closes on Thursday, May 4, 2023. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at https://www.aig.com.

American International Group, Inc. (NYSEAIG) today announced that William G. (Jerry) Jurgensen has decided to retire from the AIG Board of Directors and will not stand for re-election at the company’s 2023 Annual Meeting in May.

American International Group, Inc. (NYSEAIG) today announced a significant milestone in its ongoing digital transformation with the launch of a refreshed AIG.com website and reimagined myAIG Broker Portal. The new AIG.com is designed to make engaging and working with AIG easier for brokers, risk managers, investors, current and future colleagues, among others.

American International Group, Inc. (NYSEAIG) today announced that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.

American International Group, Inc. (NYSEAIG) today reported financial results for the fourth quarter and full year ended December 31, 2022.

American International Group, Inc. (NYSEAIG) today announced that Thomas F. Motamed, a Director of the company since January 2019, is retiring from the Board of Directors for health reasons.