Tag: AIG

Activity, Trading

Stocks making the biggest moves in the premarket: PepsiCo, Alibaba, AIG, Kraft Heinz & more

February 13, 2020


(PEP) – The beverage and snack giant, with quarterly earnings of $1.45 per share. Revenue also beat forecasts. Organic revenue growth was a better-than-expected 4.3%, and the company said it is projecting a 4% growth rate for organic revenue in […]

Activity, Corporate Banking

AIG’s High Cost of Hiring Duperreault

May 17, 2017

Via: Insurance Journal

American International Group’s decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won’t come cheap. To begin with, AIG will pay Hamilton $20 million to release Duperreault from contract restrictions that would prevent or restrict him from working […]

Activity, Insurance

Berkshire’s $10 Billion Deal wth AIG Attractive Because It’s Risky: Minger

May 9, 2017

Via: Insurance Journal

Charles Munger, the vice chairman of Warren Buffett’s Berkshire Hathaway Inc., said the decision to take on insurance liabilities from American International Group Inc. offers plenty of risk, and also the chance for a substantial reward. “It’s intrinsically a dangerous […]

Activity, Corporate Banking

AIG Investors Await New CEO and Strategy

May 2, 2017

Via: Insurance Journal

For nearly two months, American International Group Inc. has planned to replace its chief executive but a successor has yet to be named, creating a void that has fueled investor concern about the insurance company’s future. AIG reports its first-quarter earnings on […]

Activity, Corporate Banking

Man picked to fix AIG will step down after massive loss

March 9, 2017


Three weeks after AIG reported a massive loss, the person chosen to turn things around at one of the world’s largest insurance companies is stepping down. AIG said Thursday that CEO Peter Hancock, appointed less than three years ago, will […]

Activity, Insurance

AIG Plummets on Unexpected $5.6 Billion Reserve Charge

February 16, 2017

Via: TheStreet

American International Group (AIG)  plummeted Wednesday after reporting a larger-than expected quarterly loss, but the insurer says it’s still on track to return $25 billion in capital to shareholders by the end of December. Shares of the New York-based insurer slid […]