The American International Group (AIG) has been immersed in major financial activities. Despite a 0.4% drop since their last earnings report, acquisitions, executive changes, and sales of business units characterize AIG's recent activities. Generative AI has been leveraged to accelerate underwriting. AIG announced the sale of the Travel Guard business to Zurich Insurance Group. There has been a significant acquisition of AIG's shares by Quantinno Capital Management LP and Wellington Management Group LLP. Simultaneously, shares have been sold by Rockefeller Capital Management L.P and State Street Corp. AM Best affirmed AIG and their Property/Casualty Subsidiaries' credit ratings; however, AIG's third-quarter earnings missed expectations. AIG’s new finance chief is Keith Walsh and its Chief Risk Officer is Christopher Schaper. AIG has planned to expand its Atlanta footprint with an Innovation Hub and over 600 local jobs. AIG also plans to sell a 20% stake in Corebridge to Japan's Nippon Life for $3.8 billion. A multitude of analysts have commented on AIG’s recent activities and projections. Nevertheless, there is an ongoing lawsuit against former AIG executives who launched a rival insurer, Dellwood.
American International Group AIG News Analytics from Sat, 04 Mar 2023 08:51:06 GMT to Sat, 07 Dec 2024 13:48:45 GMT - Rating 7 - Innovation 5 - Rumor -8
