AIG
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Shareholder William Steiner is calling for AIG to lower the threshold of equity shareholders need to call a special general meeting.
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AIG marked a third straight day of stock price losses, ending at $18.78 per share.
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The S&P 500 insurance industry index rose by 8.2 percent by the close of markets Friday. -
The broader S&P 500 insurance index ended the day down 11.3%.
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The executive, who is also chief accounting officer, will leave at the end of the month.
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London will set global strategy and serve as the core specialty hub.
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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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