AIG

AIG will report earnings tonight and face investors tomorrow, and we see big strategic questions hanging over it on (a) AIG 200, (b) its capital allocation strategy and (c) its market sensitivity.

City comptroller Scott Stringer said AIG, BHSI and Liberty Mutual should stop underwriting and investing in coal.

Among the biggest gainers was Fairfax Financial, which jumped by nearly 10 percent.

Insurance stocks outperformed as Federal Reserve agreed to take further action and lawmakers mulled a pandemic backstop.

(Re)insurance shares in Europe also outperform market indices after a strong day for US brokers yesterday.

The mid-market commercial insurer also gains authorisation in Washington State.

The S&P 500 insurance industry index rose by 2.8 percent as lawmakers neared a vote on a coronavirus economic relief package.

George Williams joins the reinsurance broker as global head of client support services.

AIG gains 19 percent, outstripping a 12 percent increase on the S&P 500 insurance industry index.

Shareholder William Steiner is calling for AIG to lower the threshold of equity shareholders need to call a special general meeting.

AIG marked a third straight day of stock price losses, ending at $18.78 per share.

The S&P 500 insurance industry index rose by 8.2 percent by the close of markets Friday.