Thomas F. Motamed Elected to AIG Board of Directors
Posted today (18 hours ago)
The Board of Directors of American International Group, Inc. (AIG) today elected Thomas “Tom” Firouz Motamed as a Director, effective immediately. Mr. Motamed has also been appointed to the Board’s Risk & Capital Committee and the Compensation & Management Resources Committee. Prior to CNA, Mr. Motamed spent 31 years at The Chubb Corporation, where he began his career as a claims trainee and rose to Vice Chairman and Chief Operating Officer.
AIG, Allstate Are Among Insurers With PG&E Bets, Goldman Sachs Says
Posted today (23 hours ago)
American International Group Inc. and Allstate Corp. have greatest exposure to PG&E bonds though their investment portfolios at about 50 basis points of “statutory surplus,” according to Kinar. Other insurers that have exposure to PG&E bonds include Travelers Companies Inc., Hartford Financial Services Group, Arch Capital Group Ltd. and Chubb Ltd.
See what the IHS Markit Score report has to say about American International Group Inc.
# American International Group Inc ### NYSE:AIG View full report here! ## Summary * Perception of the company's creditworthiness is negative * Bearish sentiment is low ## Bearish sentiment Short interest | Positive Short interest is low for AIG with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The net inflows of $9.72 billion over the last one-month into ETFs that hold AIG are not among the highest of the last year and have been slowing. ## Economic sentiment PMI by IHS Markit | Neutral According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Financials sector is rising. The rate of growth is weak relative to the trend shown over the past year, however. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator. AIG credit default swap spreads are near their highest levels for the past 1 year, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
has exuded confidence about its ability to navigate tricky ownership rules. Airlines operating within the EU need to show at least half their shares are held and controlled by EU nationals. IAG is coy about how it would avoid falling foul of the ownership rules.
Global reinsurance prices fall despite big catastrophe losses - JLT Re
Posted on Jan 2, 2019 (14 days ago)
Reinsurance prices, chiefly set in two batches at the beginning of January and July, have fallen in recent years as traditional reinsurers face competition from new players and products such as catastrophe bonds. JLT Re said rate increases were restricted to categories which had suffered substantial losses or where performance had worsened. "Despite another active catastrophe year in the United States, property-catastrophe rate changes were modest," said Ed Hochberg, chief executive officer of JLT Re in North America.
AIG Completes Acquisition of UK Group Risk Specialist Ellipse
Posted on Dec 31, 2018 (16 days ago)
American International Group, Inc. (AIG) today announced that AIG Life Limited, a UK subsidiary of AIG Life & Retirement, has completed the previously agreed acquisition of Ellipse, a specialist group life, critical illness and income protection provider in the UK, from Munich Re. AIG believes Ellipse’s group protection expertise, alongside its technology-enabled business model, makes it a strong strategic fit with the existing AIG Life Limited operation in the UK. AIG Life will now distribute both group and individual protection insurance products to UK consumers through financial intermediaries, employee benefits consultants and partnerships.
The Top 10 Holdings of Our Ultimate Stock-Pickers' Index
Posted on Dec 18, 2018 (29 days ago)
Fund investors would like to see their actively managed funds beat the market every year, but they've been left wanting for well over a decade. The lack of consistent outperformance on the part of large-cap active managers (the main contributors to the Ultimate Stock-Pickers concept) has been well documented by the S&P Indices Versus Active Funds (SPIVA) U.S. Scorecard. Other investment styles fared better, as 58.0% of large-cap value managers and 63.7% of large-cap growth managers outperformed their respective benchmarks.
AIG Life Limited (U.K.), a division of American International Group, Inc. (AIG), today announced the appointment of Philip Willcock as Chief Executive Officer, subject to regulatory approval, effective March 1, 2019. Willcock spent over 20 years with Aviva holding various senior positions in the U.K. Health and Life businesses.
AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise
Posted on Dec 11, 2018 (35 days ago)
American International Group, Inc. (AIG) today announced that in accordance with the terms of the outstanding warrants (CUSIP number 026874156) (the “Warrants”) to purchase shares of AIG Common Stock, par value $2.50 per share, the Warrant exercise price will be reduced to $43.4750 per share from $43.6582 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.036 from 1.032. Each of these adjustments will be effective at the close of business on December 12, 2018. Any Warrant exercised on or prior to December 12, 2018 will not be entitled to these adjustments.
GE’s New Board Member Might Quiet Some of the Doubters
Posted on Dec 10, 2018 (36 days ago)
GE announced that Reynolds had joined its board on Dec. 7, replacing former Vanguard Group Inc. CEO Jack Brennan. Reynolds was CEO of Duke Energy Corp.’s energy power services subsidiary in the late 1990s and then led gas-distribution company AGL Resources (now called Southern Co. after a 2016 merger) until 2006. Within days of that deal closing, she was tapped to become American International Group Inc.’s chief restructuring officer and charged with raising cash via asset sales to repay a government bailout.