There have been numerous updates surrounding the American International Group, Inc. (AIG). The company has been recommended as a 'Moderate Buy' by analysts, highlighting a positive market sentiment. AIG's profits have exceeded estimates due to strong underwriting and investment returns with AI integration in underwriting processes. Recent appointments include Keith Walsh as Executive Vice President and CFO and Christopher Schaper as Chief Risk Officer. Financial movements involve a decrease in stock position by both Charles Schwab Investment Management Inc. and Mizuho Securities USA LLC, but with a significant increase by Intech Investment Management LLC.
AIG posted exceptional Q3 results for 2024 and showed strong earnings growth. The group announced to expand its Atlanta presence with an Innovation Hub and plans to create more local jobs. It completed the deconsolidation of Corebridge Financial and sold a 20% Corebridge stake to Japan's Nippon Life for $3.8 billion. Zurich insurance acquired AIG's global personal travel insurance business, including Travel Guard® for $600 million. Gordon Browne has been appointed as Global Head of Specialty, which marks his return to AIG.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Sat, 23 Nov 2024 11:13:12 GMT - Rating 8 - Innovation 3 - Information 6 - Rumor 2
