AIG
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London will set global strategy and serve as the core specialty hub. -
The carrier’s stock price jumped to over $35 per share by the close of markets.
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Insurers slump further than benchmark equity indices on fears for their investment portfolios.
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The appointment positions the outgoing Lloyd's executive as a likely successor to Zaffino as GI head.
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AIG announced a surprise $500mn accelerated share repurchase plan, having previously told investors not to expect capital return until likely H2.
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The carrier takes its first bite of a $2bn repurchase authorisation after a steep drop in its share price.
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AIG followed an encouraging Q4 print with 2020 guidance that disappointed investors, appearing to push out its expected earnings recovery further into 2021.
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Pre-adverse development cover, the carrier saw impact from directors’ and officers’ and mergers and acquisitions-related business.
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The insurer said it had shaved about 7 percent off overall reinsurance costs.
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The carrier cut gross limits for the class of business by $40bn during the quarter.
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We revisit key issues at stake at a crucial point of AIG's operating turnaround.
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According to sources, AIG underwriters globally have been told not to write new construction risks in Latin America.
Related
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AIG brings on Colombo as Latin America CEO
May 15, 2025 -
AIG recruits Aon Re’s Hussey to lead Miami fac desk
May 13, 2025