American International Group

American multinational finance and insurance corporation

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March 2024 British regulators approved the sale of AIG Life Ltd's UK arm to Aviva for £460 million, marking a significant divestment for the company.
2023 AIG announced its continued title sponsorship of the Women's Open through 2030, with a further increase in the total purse to $9 million.
2023 For the sixth consecutive year, AIG was named among the Top 50 Companies for Diversity by DiversityInc.
July 2023 AIG board of directors reconstituted, including notable members such as Paola Bergamaschi, James Cole Jr., John Rice, and Peter Zaffino as chairman and CEO.
May 2023 AIG agreed to sell Crop Risk Services to American Financial Group for $240 million and Validus Re to RenaissanceRe for $2.985 billion.
February 2023 AIG and Stone Point Capital entered an agreement to establish an independent managing general agency, Private Client Select Insurance Services (PCS).
2022 Corebridge Financial (formerly AIG's life and retirement business) became an independent entity, raising $1.68 billion in the largest U.S. IPO of the year.
2022 AIG set a new benchmark for women's major championship golf prize payouts, increasing the AIG Women's Open tournament purse to $7.3 million, a 125% increase since 2018.
January 2022 Peter Zaffino became chairman of the AIG board.
2021 AIG established the largest major women's golf prize fund at $5.8 million for the AIG Women's Open.
July 2021 Blackstone Group agreed to acquire 9.9% of AIG's life and retirement insurance business for $2.2 billion cash.
March 1 2021 Peter Zaffino succeeded Brian Duperreault as AIG's CEO, with Duperreault becoming executive chairman of the board.
2020 AIG extended its Women's British Open sponsorship contract to 2025 and rebranded the event as the AIG Women's Open.
January 2020 AIG announced the end of its decade-long sponsorship of the All Blacks in 2021.
January 2020 Peter Zaffino succeeds Brian Duperreault as president of AIG, while Duperreault remains the company's CEO.
2019 AIG signed a five-year contract to become the title sponsor of the Women's British Open, marking its first major sponsorship in golf.
2019 AIG launched 'AIG 200', a multi-year program to improve operations by modernizing workflows and unifying operations.
November 2019 A Carlyle-managed fund and T&D Holdings acquired a majority interest in Fortitude Re, leaving AIG with a 3.5% stake.
2018 AIG established Fortitude Re to hold most of its run-off portfolios and sold a minority stake to The Carlyle Group.
2018 AIG was ranked 60th on the Fortune 500 list.
2018 AIG acquired Ellipse, a UK life insurance business, from Munich Re.
July 2018 AIG acquired Validus Holdings Ltd., a Bermuda-based reinsurance provider specializing in property risk, catastrophe risk, and crop insurance, which brought in fresh underwriting talent.
January 2018 AIU and Fuji Fire and Marine Insurance (FFM) business units merge into AIG Sonpo, consolidating AIG's insurance operations in Japan.
2017 AIG announces plans to reorganize its business segments into General Insurance and Life & Retirement.
September 2017 The Financial Stability Oversight Council removes AIG's designation as a nonbank systemically important financial institution (SIFI), signaling the company's progress in de-risking since 2008.
May 15 2017 Brian Duperreault is appointed as the new CEO of AIG, returning to the company he previously worked for from 1973 to 1994 after leading Hamilton Insurance Group.
March 2017 Peter Hancock announces his intention to step down as AIG CEO amid pressure from disappointing financial results.
August 2016 AIG sold United Guaranty, its mortgage-guarantee unit, to Arch Capital Group for $3.4 billion.
January 2016 AIG announced plans for an initial public offering of 19.9% of United Guaranty Corp., a mortgage insurance provider.
June 2015 Taiwan's Nan Shan Life Insurance acquired a stake in AIG's Taiwan subsidiary for $158 million.
September 2014 Peter Hancock succeeded Robert Benmosche as president and CEO of AIG.
July 2014 AIG and Bank of America settled their lawsuit, with Bank of America paying $650 million to AIG, who then dismissed their litigation.
May 28 2013 AIG withdrew the Maiden Lane lawsuit against the Federal Reserve Bank of New York 'without prejudice'.
May 7 2013 Los Angeles U.S. District Judge Mariana Pfaelzer ruled in a case between AIG and Bank of America concerning misrepresentations about mortgage portfolio quality.
January 2013 AIG filed a lawsuit against the Federal Reserve Bank of New York regarding $18 billion in litigation claims on troubled mortgage debt through Maiden Lane Transactions.
January 1 2013 AIG launched an advertising campaign called 'Thank You America', featuring company employees including President and CEO Robert Benmosche expressing gratitude for government assistance.
2012 AIG renamed its global property-and-casualty insurance business from Chartis to AIG Property Casualty during the third quarter of the year.
2012 AIG fully repaid $205 billion to the United States government following the 2008 financial crisis bailout.
2012 SunAmerica, the company's life-insurance and retirement-services division, was rebranded as AIG Life and Retirement.
December 14 2012 Treasury Department sold the last of its AIG stock in its sixth stock sale for approximately $7.6 billion, realizing a total gain of more than $22 billion from common stock and $0.9 billion from preferred stock.
October 12 2012 AIG announced a five and a half year sponsorship agreement with six New Zealand rugby teams, including the world champion All Blacks.
September 14 2012 Department of Treasury completed its fifth sale of AIG common stock, raising approximately $20.7 billion and reducing its ownership stake from 53% to approximately 15.9%.
September 6 2012 AIG sold $2 billion of its investment in AIA to repay government loans and approved a $5 billion stock repurchase of government-owned shares in AIA.
May 7 2012 United States Department of the Treasury announced an offering of 188.5 million AIG shares, totaling $5.8 billion, reducing Treasury's stake in AIG from 70% to 61%.
March 2012 AIG sold all of its shares in the Blackstone Group, ending a 14-year investment relationship that began in 1998.
2011 Hank Greenberg, with lead lawyer David Boies, independently sued the U.S. Government for $40 billion in the United States Court of Federal Claims, challenging the terms of AIG's government bailout.
January 2011 AIG sells its Taiwanese life insurance company Nan Shan Life to a consortium of buyers for $2.16 billion.
January 2011 AIG began repaying its government bailout by selling shares, marking the start of its financial recovery process.
January 9 2011 The AIG board announced they would not join Greenberg's lawsuit against the U.S. Government.
2010 AIG concluded its shirt sponsorship of Manchester United F.C. after a four-year period that coincided with the club's significant success, including three Premier League titles and a Champions League victory.

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