A.M. Best Affirms Credit Ratings of American International Group, Inc. and Certain Subsidiaries
Posted today (17 hours ago)
A.M. Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG] and the Financial Strength Ratings (FSR) and Long-Term ICRs of its insurance subsidiaries. The outlook of these Credit Ratings (ratings) is stable. AIG’s consolidated risk-adjusted capitalization remains at the strongest level and is supported by its favorable liquidity and financial flexibility.
[$$] AIG scoops up UK life insurance business from Munich Re
AIG has purchased a UK life insurance business from Munich Re, the latest deal by the expanding New York-based insurance company. Ellipse, based in London’s Bermondsey Square, was launched in 2009 and provides employers with life, critical illness and income protection cover for workers.
AIG to Acquire UK Group Life Specialist Ellipse from Munich Re
American International Group, Inc. (AIG) and Munich Re announced today that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection capabilities, which include life, critical illness and income protection products, along with its technology-enabled business model with high levels of straight through processing, will position AIGLL to efficiently manage group risk schemes for companies of all sizes. Kevin Hogan, Executive Vice President and Chief Executive Officer, AIG Life & Retirement, said, “The acquisition of Ellipse reflects our disciplined approach to selectively expanding our existing Life & Retirement businesses while pursuing opportunistic growth.
[$$] AIG: The long struggle to repair its reputation
Posted on Jun 17, 2018 (4 days ago)
, and has used the past 12 months since Brian Duperreault arrived as chief executive to recruit a new management team and shake up the way it operates. Adding that he thinks Mr Duperreault “is about the only person you’d trust to do it”.
AIG Co-Sponsors World Elder Abuse Awareness Day Panel with Insured Retirement Institute and Elder Justice Caucus
Posted on Jun 15, 2018 (6 days ago)
AIG Life & Retirement, a division of American International Group, Inc. today announced its participation in World Elder Abuse Awareness Day, an annual day to advocate for those whose vulnerable voices are often left unheard.
Today's Free Research Reports Coverage on American International Group and Three More Insurance Stocks
Posted on Jun 15, 2018 (6 days ago)
On Thursday, shares in Mayfield Village, Ohio headquartered The Progressive Corp. recorded a trading volume of 3.25 million shares, which was above their three months average volume of 3.15 million shares. The stock ended the session 1.01% lower at $61.89.
AIG Helps Launch the Alliance for Lifetime Income to Empower and Educate Consumers and Financial Advisors on the Importance of Having Protected Lifetime Income
Posted on Jun 14, 2018 (7 days ago)
AIG (AIG) today announced it is a founding member of the Board of Directors for the Alliance for Lifetime Income (Alliance), a new industry coalition of 24 leading financial services organizations whose goal is to educate Americans about the importance of protected lifetime income solutions and empower them to take action. This initiative aligns with AIG’s longstanding commitment to help people protect the future they envision by further raising awareness of the critical role that protected lifetime income from annuities can play within an individual’s overall retirement portfolio. “As a nation, we have vastly expanded 401(k)s and other retirement accumulation vehicles, but have not tackled the looming issue of securing retirement income,” said Jana Greer, President and CEO, Retirement.
AIG Announces Adjustments to Warrant Exercise Price and Shares Receivable Upon Warrant Exercise
Posted on Jun 13, 2018 (7 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 $43.6911 per share from $43.8498 per share and the number of shares of AIG Common Stock receivable upon Warrant exercise will increase to 1.031 from 1.027. Each of these adjustments will be effective at the close of business on June 14, 2018. Any Warrant exercised on or prior to June 14, 2018 will not be entitled to these adjustments.
Charlotte developer breaking ground soon at Toringdon
Posted on Jun 12, 2018 (9 days ago)
Trinity Capital Advisors will begin speculative development on Toringdon 7, an eight-story, 198,195-square-foot office building that's part of a six-building office park off Interstate 485, between Johnston and Community House roads.
For the past nine years, Ultimate Stock-Pickers' primary goal has been to uncover investment ideas our equity analysts and top investment managers find attractive, in a manner timely enough for investors to gain some value. As part of this process, we scour the quarterly (in some cases, the monthly) holdings of 26 different investment managers, 22 of which manage mutual funds that Morningstar's manager research group covers, and four of which manage the investment portfolios of large insurance companies. In our last article, we walked through some of the buying activity we were seeing from our Ultimate Stock-Pickers during the first quarter of 2018 (and April for those that report it).
AIG Announces Life and Retirement Investor Meeting
Posted on Jun 4, 2018 (17 days ago)
American International Group, Inc. (AIG) will hold an Investor Meeting focused on its Life and Retirement businesses in New York City on Thursday, June 7, 2018. Kevin Hogan, Executive Vice President and Chief Executive Officer, Life and Retirement, will host the meeting and provide additional insight into AIG’s Life and Retirement businesses, their market positions, earnings stability and potential growth opportunities. American International Group, Inc. (AIG) is a leading global insurance organization.
American International Group UK Limited -- Moody's affirms AIG Europe's insurance rating at A2, rates two new entities, stable outlook
Posted on May 29, 2018 (22 days ago)
Moody's Investors Service has affirmed the A2 insurance financial strength (IFS) rating of UK-based AIG Europe Limited (AIGEL), an indirect wholly owned subsidiary of American International Group, Inc. (NYSE: AIG, senior unsecured debt rating Baa1 stable). Moody's has also assigned provisional IFS ratings of (P)A2 to two newly formed indirect AIG subsidiaries: UK-based American International Group UK Limited (AIG UK) and Luxembourg-based AIG Europe S.A. (AESA).
BRUSSELS, May 29 (Reuters) - The following are mergers under review by the European Commission and a brief guide to the EU merger process: APPROVALS AND WITHDRAWALS -- German power grid makers Stadtwerke ...
AIG Expands Presence in Pension Risk Transfer Market
Posted on May 29, 2018 (23 days ago)
American International Group, Inc. , announced that it has further expanded its presence in the pension risk transfer market, after reaching agreement on the two largest plan termination transactions of 2017.
Ultimate Stock-Pickers: Top 10 High-Conviction and New-Money Purchases
Posted on May 29, 2018 (23 days ago)
For the past nine years, our primary goal with the Ultimate Stock-Pickers concept has been to uncover investment ideas that not only reflect the most recent transactions of our grouping of top investment managers but are also timely enough for investors to get some value from them. In cross-checking the most current valuation work and opinions of Morningstar's own cadre of stock analysts against the actions (or inactions) of some of the best equity managers in the business, we hope to uncover a few good ideas each quarter that investors can dig in to a bit deeper to see if they warrant an investment. With all our Ultimate Stock-Pickers having reported their holdings for the first quarter of 2018, we now have a good sense of what stocks piqued their interest during the period.