Kimberly Hanna Named Executive Vice President and Chief Operating Officer of AIG Environmental
AIG has named Russell Johnston President and Chief Executive Officer of AIG Environmental, a unit of AIG Commercial Insurance and the nation’s leading Pollution Liability insurance provider. Mr. Johnston assumes management responsibility for AIG Environmental from Joseph Boren, who has left the [...]

American International Group, Inc. (AIG) announced today an agreement to sell AIG Private Bank Ltd. (AIG Private Bank), a wholly-owned subsidiary of AIG, to Aabar Investments PJSC (Aabar), a global investment company based in Abu Dhabi.
Under its new ownership, AIG Private Bank will become an independent financial institution, headquartered in Switzerland along with branches [...]

Internet-Based System Enhances Policy Delivery, Tracking and Management
AIG Excess Casualty, a unit of AIG Commercial Insurance, today announced it is adopting AIG eDelivery®, an Internet-based system that enables electronic issuance of its excess casualty policies and endorsements.
AIG eDelivery speeds issuance of new policies and endorsements, making policy documents available to brokers online the [...]

With over 3,500 teen driving deaths per year in the United States, parents, government officials, health and safety advocates, and even insurance companies are all focused on finding ways to make the road a safer place for teens.
Of the many safety initiatives gaining traction such as graduated licenses and expanded driver’s training, programs that [...]

AIG has named Anthony J. DeSantis as President and Chief Executive Officer of its Personal Auto Group. The Personal Auto Group includes aigdirect.com, the direct personal lines automobile insurance operations of American International Group, Inc. (AIG), AIG Agency Auto, which provides personal lines insurance through a network of independent agencies and brokerages throughout the United [...]

Ongoing Business Expected To Have Significant Earnings Power
American International Group, Inc. (AIG) today indicated its intent to refocus the company on its core property and casualty insurance businesses, generate sufficient liquidity to repay the outstanding balance of its loan from the Federal Reserve Bank of New York and address its capital structure. AIG had [...]

American International Group, Inc. (AIG) today announced that it has signed a definitive agreement with the Federal Reserve Bank of New York for a two-year, $85 billion revolving credit facility. Interest will accrue at a rate based on 3-month LIBOR plus 8.50%. The facility provides for an initial gross commitment fee of 2% of the [...]

American International Group, Inc. (AIG) today said that AIG’s life insurance, general insurance and retirement services businesses, including its extensive Asian operations, continue to operate normally and remain adequately capitalized and fully capable of meeting their obligations to policyholders.

AIG continues to pursue alternatives to increase short-term liquidity in the parent company. Those plans do not [...]

Janney Montgomery Scott LLC (“Janney”), a leading full-service wealth management, financial services and investment banking firm headquartered in Philadelphia, PA, announced today the appointment of Robert J. Thielmann to the role of chief information officer (CIO), senior vice president, and member of the firm’s management committee. Bob will lead Janney’s information technology organization that manages [...]

American International Group, Inc. (AIG) today announced that its Board of Directors has named Chairman Robert B. Willumstad to the additional position of Chief Executive Officer. Willumstad succeeds Martin J. Sullivan, who is leaving AIG and its Board of Directors. The Board has also named Stephen F. Bollenbach as its lead independent director.
George L. [...]