In recent updates, American International Group (AIG) saw a change in leadership with outgoing CEO, Peter Zaffino transitioning to become Executive Chair and Eric Andersen, former Aon executive, named as the CEO-elect amid what is described as a rocky succession process. Zaffino's pay has been set at $14M. Adam Clifford is named as CEO of AIG’s International Commercial Insurance. Furthermore, the company’s stock value experienced a setback, dropping almost 8%, corresponding with the leadership transition announcements.
AIG’s underwriting income noted a significant increase, up by 81% and the company also achieved financial strength rating upgrades from S&P Global and Moody’s. It has formed a partnership with Amwins and Blackstone to launch a Lloyd’s syndicate using Palantir. The company acquired renewal rights for a majority of Everest Group’s global retail portfolios.
Financially, the insurer posted a higher quarterly profit on underwriting strength. It surpassed Q3 earnings and revenue estimates and analysts are neutral on AIG.
American International Group AIG News Analytics from Tue, 01 Apr 2025 16:08:17 GMT to Sat, 10 Jan 2026 12:07:27 GMT - Rating -3 - Innovation 2 - Information 8 - Rumor -4
