AIG - American International Group, Inc.

AIG Announces Pricing of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK, June 07, 2023--American International Group, Inc. (NYSE: AIG) today announced that it has priced the secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock at $16.25 per share. The offering is expected to close on June 12, 2023, subject to customary closing conditions.

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  Exchange Income Corporation Announces Increase to Previously Announced Bought Deal Offering of Common Shares to $150 Million

  GlobeNewswire
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  Core & Main Announces Secondary Offering and Share Repurchase

  Business Wire

AIG Announces Launch of Secondary Offering of Corebridge Financial, Inc. Common Stock

NEW YORK, June 05, 2023--American International Group, Inc. (NYSE: AIG) today announced the launch of a secondary offering of Corebridge Financial, Inc. (NYSE: CRBG) common stock. AIG, as the selling stockholder, is offering 65 million existing shares of common stock (out of approximately 648 million total shares of common stock outstanding) of Corebridge and has granted a 30-day option to the underwriters to purchase up to an additional 9.75 million shares. All of the net proceeds from the offe

• 
  Exchange Income Corporation Announces Increase to Previously Announced Bought Deal Offering of Common Shares to $150 Million

  GlobeNewswire
• 
  Core & Main Announces Secondary Offering and Share Repurchase

  Business Wire

AIG to Sell Validus Re to RenaissanceRe

NEW YORK, May 22, 2023--American International Group (NYSE: AIG) today announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. (NYSE: RNR) ("RenaissanceRe") for $2.985 billion, consisting of $2.735 billion in cash and $250 million in RenaissanceRe common shares. In addition, AIG will receive all capital in excess of $2.1 billion of shareholders’ equity of Validus Re and achieve fut

AIG Reports First Quarter 2023 Results

NEW YORK, May 04, 2023--American International Group, Inc. (NYSE: AIG) today reported financial results for the first quarter ended March 31, 2023.

AIG Recognized as One of DiversityInc’s Top 50 Companies for Diversity for Sixth Consecutive Year

NEW YORK, May 03, 2023--For the sixth consecutive year, DiversityInc, a leading source of human capital data, education and advice, has named American International Group, Inc. (NYSE: AIG) on the DiversityInc Top 50 Companies for Diversity list. AIG placed 35th on the list.

American Financial Group and American International Group Reach Agreement for AFG’s Purchase of Crop Risk Services from AIG

CINCINNATI, May 02, 2023--American Financial Group, Inc. (NYSE: AFG) and American International Group (NYSE: AIG) today announced they have entered into a definitive agreement whereby AFG will purchase Crop Risk Services ("CRS") from AIG. CRS is a primary crop insurance general agent based in Decatur, Illinois, with 2022 gross written premiums of approximately $1.2 billion and is the seventh largest provider of multi-peril crop insurance in the United States, based on 2022 premiums.

AIG Finalizes Agreement With Stone Point Capital to Form Private Client Select Insurance Services, an Independent MGA

NEW YORK, April 26, 2023--American International Group (NYSE: AIG) 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.

Statement From AIG Chairman & CEO on the Passing of Former Board Member, Thomas F. Motamed

NEW YORK, April 20, 2023--American International Group, Inc. (NYSE: AIG) 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.

AIG Appoints Chris Colahan as Regional President, AIG Asia Pacific

SINGAPORE, April 13, 2023--American International Group, Inc. (NYSE: AIG) 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.

AIG to Report First Quarter 2023 Financial Results on May 4, 2023 and Host Conference Call on May 5

NEW YORK, April 05, 2023--American International Group, Inc. (NYSE: AIG) 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.

William G. Jurgensen to Retire from the AIG Board of Directors

NEW YORK, March 13, 2023--American International Group, Inc. (NYSE: AIG) 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.

AIG Unveils a Refreshed AIG.com and Digital Broker Portal Focusing on Brand Position and Advancing Its Multi-Phase Digital Transformation

NEW YORK, March 06, 2023--American International Group, Inc. (NYSE: AIG) 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.

Diana Murphy and Vanessa Wittman to Join AIG’s Board of Directors

NEW YORK, February 27, 2023--American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors has elected Diana Murphy and Vanessa Wittman as independent Directors of the company, effective March 16, 2023.

AIG Reports Fourth Quarter and Full Year 2022 Results

NEW YORK, February 15, 2023--American International Group, Inc. (NYSE: AIG) today reported financial results for the fourth quarter and full year ended December 31, 2022.

AIG Announces Plans to Form Independent Managing General Agency to Serve High Net Worth and Ultra High Net Worth Markets

NEW YORK, February 13, 2023--American International Group (NYSE: AIG) today announced that it has entered into a binding memorandum of understanding with Stone Point Capital LLC (Stone Point), a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent Managing General Agency (MGA) to serve High Net Worth and Ultra High Net Worth markets.

AM Best Comments on Credit Ratings of American International Group, Inc. and Its Subsidiaries Following Change in Leadership

OLDWICK, N.J., January 31, 2023--AM Best has commented that the Credit Ratings (ratings) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG], its property/casualty subsidiaries, and the members of AIG Life & Retirement Group, all remain unchanged following the Jan. 30, 2023, announcement that Mark Lyons, interim chief financial officer and executive vice president, global chief actuary and head of portfolio management, was terminated and has left the company,

AIG Announces Leadership Changes

NEW YORK, January 30, 2023--American International Group (NYSE: AIG) today announced that it terminated Mark Lyons from his position as AIG’s Interim Chief Financial Officer and Executive Vice President, Global Chief Actuary and Head of Portfolio Management after the Company became aware that he violated his confidentiality/non-disclosure obligations to the Company.

Thomas F. Motamed to Retire from AIG’s Board of Directors

NEW YORK, January 23, 2023--American International Group, Inc. (NYSE: AIG) today announced that Thomas F. Motamed, a Director of the company since January 2019, is retiring from the Board of Directors for health reasons.

AIG CFO to Take Temporary Medical Leave of Absence

NEW YORK, January 10, 2023--American International Group (NYSE: AIG) today announced that Shane Fitzsimons, Executive Vice President and Chief Financial Officer, AIG, will take a temporary medical leave of absence, effective immediately.

Don Bailey Joins AIG as Global Head of Distribution and Field Operations

NEW YORK, January 03, 2023--American International Group (NYSE: AIG) today announced that Don Bailey has joined the company as Global Head of Distribution and Field Operations, effective immediately. Mr. Bailey reports to Peter Zaffino, Chairman & Chief Executive Officer.

AM Best Revises Issuer Credit Rating Outlook to Positive for American International Group, Inc. and Its Property/Casualty Subsidiaries

OLDWICK, N.J., December 16, 2022--AM Best has revised the outlooks to positive from stable for the Long-Term Issuer Credit Ratings (Long-Term ICRs) and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term ICRs of "a" (Excellent) of American International Group, Inc.’s (AIG) property/casualty (P/C) insurance subsidiaries (collectively referred to as AIG PC). The outlook of the FSR is stable. At the same time, AM Best has revised the outlook to positive from stable and a

AIG Announces Five-Year Employment Agreement with Peter Zaffino

NEW YORK, November 10, 2022--American International Group, Inc. (NYSE: AIG) today announced that AIG and Peter Zaffino, President & Chief Executive Officer and Chairman of the Board, have entered into an agreement securing Mr. Zaffino’s employment through November 10, 2027.

AIG Announces Independent Director Paola Bergamaschi Elected to Join Board Effective December 1, 2022

NEW YORK, November 03, 2022--American International Group, Inc. (NYSE: AIG) today announced that the Board of Directors has elected Paola Bergamaschi as a director of the company, effective December 1, 2022. In addition, John G. Rice, who joined the Board in March 2022, will take on the role of Lead Independent Director, effective January 1, 2023. Douglas M. Steenland, who served as Non-Executive Chairman from 2015 until March 1, 2021 when he became Lead Independent Director of the Board, has de

AIG Reports Third Quarter 2022 Results

NEW YORK, November 01, 2022--American International Group, Inc. (NYSE: AIG) today reported financial results for the third quarter ended September 30, 2022.