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American International Group has sold a majority stake in its Bermudian legacy reinsurer Fortitude Re. The deal involves private-equity group Carlyle Group and Japanese insurer T&D Holdings partnering to pay $1.8 billion for a 76.6 per cent stake in ...

American International Group’s shares gained on Friday and yesterday after the insurer reported net income of $648 million for the third quarter. The result was a positive swing from a net loss of $1.3 billion in the corresponding period last year. H...

American International Group has formed AIG Re to consolidate the company’s global reinsurance operations. The new global business will be led by chief executive officer Christopher Schaper, who will be based in Bermuda, AIG said. The businesses to b...

Jeff Clements has been named the new chief executive officer of Validus Re, the Bermudian reinsurer owned by American International Group. He takes over from Kean Driscoll, who has been appointed AIG’s global chief underwriting officer for property a...

American International Group has appointed Mark Lyons to the role of executive vice-president and chief financial officer. He succeeds Sid Sankaran, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year...

NEW YORK — Investors aren’t blaming Brian Duperreault for the forces of Mother Nature. American International Group shares surged as much as 8.1 per cent yesterday, the biggest increase in almost seven years, as the insurer showed improvement in a ke...

American International Group has been given the green light to split its European subsidiary into two, as it prepares for the UK’s exit from the European Union. The High Court of England and Wales has approved the transfer of British-based AIG Europe...

It could take 18 months to build the necessary independent infrastructure for American International Group’s Bermudian-domiciled legacy risk unit to compete for third-party business, Brian Duperreault said. The AIG chief executive officer spoke at a ...

Bermudian insurance industry veteran Catherine Duffy is to join American International Group’s General Insurance business as country manager of Bermuda. In this role, Ms Duffy will oversee AIG’s insurance operations and strategy in Bermuda, reporting...

As insurance-linked securities head for a record year of issuance, Brian Duperreault has spoken of the huge potential ILS presents for American International Group. He said it is a way to reduce volatility for the company, and is something that will ...

American International Group and The Carlyle Group are in a strategic partnership to build newly established Bermudian-based DSA Re into a stand-alone provider of reinsurance, claims handling, and run-off management solutions for long-dated, complex ...

American International Group Inc has completed its acquisition of Bermudian-based Validus Holdings Ltd. The deal was first announced in January and has now close following receipt of regulatory approvals and approval of Validus shareholders. Brian D...