NYSE:AIG - New York Stock Exchange, Inc. - US0268747849 - Common Stock - Currency: USD
The manufacturing conglomerate is slowly turning a corner.
American International's fourth-quarter earnings benefit from lower benefits and expenses and new business production.
Mereo Advisors, a Bermuda-based firm chaired by former American International Group Inc. Chief Executive Officer Brian Duperreault, has secured more than $700 million to fund its new reinsurance operations.
Mentions: ARES
This former Dividend King isn't out of the woods yet.
World’s largest aircraft lessors and insurance firms battle over compensation for jets stranded after Ukraine invasion
Insurance and utility stocks with California exposure took a hit Friday as the Los Angeles fires continued to rage.
AllState, Chubb and Travelers are the most exposed carriers to insured losses in the wildfires, according to JPMorgan.
AIG remains well-poised for growth on the back of strong retention rates in the General Insurance segment. Divestitures and cost-cutting initiatives drive margins.