American International Group (AIG) has recently witnessed a host of events affecting its position in the market. There have been personnel changes such as the hiring of Marsh veteran Keith Walsh as CFO. The insurer resolved a lawsuit over a $200,000 lost engagement ring, along with winning a case in Hawaii related to climate change coverage. Financial analysts have demonstrated mixed sentiments: while certain firms like JPMorgan and Jeferies Financial Group upgraded AIG to 'Overweight' and increased the target price, AIG experienced a hit in Q2 due to the loss of life and retirement revenues. Numerous investment companies, including Watts Gwilliam & Co. LLC and Truist Financial Corp, increased their stock positions in AIG. Also, Zurich insurance acquired AIG's Travel Insurance Business for $600 Million amid AIG also announcing the sale of a 20% stake of Corebridge to Nippon Life. AIG has also seen a notable rebranding with the removal of the AIG sign on the America Tower in Houston. These actions together indicate a strategic maneuvering at AIG aimed at optimizing its portfolio in the uncertain world of insurance business.
American International Group AIG News Analytics from Tue, 13 Feb 2024 08:00:00 GMT to Sat, 12 Oct 2024 09:34:52 GMT -
Rating 7
- Innovation 2
- Information 8
- Rumor 3
