Empirical Asset Management LLC and
Avanza Fonder AB made significant investments in
American International Group (AIG). AIG had robust
Q3 earnings with profits beating estimates, driven by strong underwriting and investment returns. Notably, AIG is leveraging
generative AI to enhance its underwriting process. The company unveiled new appointments, including Christopher Flatt as global chief underwriting officer, Christopher Schaper as chief risk officer, and Courtney Leimkuhler to its board of directors.
Peter Zaffino, AIG's CEO, and AIG Global Ambassador Georgia Hall prepare for leadership roles. AIG sold its global personal travel insurance business, including
Travel Guard® to Zurich, and sold 21.6% stake of
Corebridge to Nippon Life, generating significant liquidity. Moreover, AIG announces plans for a new GA facility to expand its Atlanta footprint with an innovation hub and 600 additional jobs. However,
Goldman Sachs downgraded the stock from a buy to a neutral, which may impact its share price in the short term.
American International Group AIG News Analytics from Sat, 04 Mar 2023 16:10:44 GMT to Sat, 18 Jan 2025 11:01:40 GMT -
Rating 7
- Innovation 8
- Information 10
- Rumor 6
