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75% of CFOs Embrace Double Digit Spending Increases
CFOs want to spend more, but access to capital is the challenge, per the CFO Alliance sentiment report.
By
Adam Zaki
| January 26, 2023
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AIG
People
AIG Names Shane Fitzsimons as New CFO
The native of Ireland is "a seasoned finance and operations executive with a strong track record of success."
By
Matthew Heller
| October 26, 2021
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Strategy
AIG to Spin Off Life & Retirement Business
The move would “would be the latest dramatic change at a company” that was once "a financial-services behemoth
By
Matthew Heller
| October 27, 2020
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People
Former AIG Finance Chief Joins Health Insurance Start-up
Oscar Health announces the hiring of Sid Sankaran two months after AIG replaced him in the CFO role.
By
David McCann
| February 7, 2019
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Risk Management
AIG Discloses Significant Catastrophe Losses; Names New CFO
AIG accumulated $750 to $800 million in catastrophe losses in the fourth quarter. The insurance company also named Mark Lyons as CFO.
By
William Sprouse
| December 6, 2018
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Technology
AIG, IBM Partner on Novel Blockchain Contract
The 'smart contract' is said to streamline complex insurance policies for multinational clients.
By
William Sprouse
| June 15, 2017
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Turnarounds
$5.6B Charge Dims AIG Turnaround Hopes
The charge to cover possible future claims was larger than analysts expected and led to a net loss of $3.04 billion in the fourth quarter.
By
Matthew Heller
| February 16, 2017
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Turnarounds
Rising to the Challenge
Twenty CFOs who have career-defining tests ahead.
By
CFO Staff
| September 15, 2016
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Risk Management
Lacking Investment Yields, AIG Zeroes in on Profits
AIG Commercial CEO Rob Schimek seeks a bigger bottom line in an era of low investment gains.
By
David Katz
| March 23, 2016
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Risk Management
Special Report: Insurance at Risk
Despite the obvious advantages of huge surpluses, they have a big downside for property-casualty insurers: complacency.
By
David Katz
| March 23, 2016
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People
AIG Names New CFO in Management Shake-up
The moves come amid pressure from activist investor Carl Icahn, but analysts question the departure of finance chief David Herzog.
By
Katie Kuehner-Hebert
| December 10, 2015
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Risk Management
Is Berkshire Hathaway Systemically Important?
Definitely not, says Warren Buffett, the company's chairman and CEO.
By
Katie Kuehner-Hebert
| May 4, 2015
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Risk Management
AIG Gets OK to Use Drones to Scan Disaster Areas
The property-casualty insurance giant had asked the FAA if it could use drones to conduct inspections for risk assessment and risk management.
By
Katie Kuehner-Hebert
| April 8, 2015
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Legal
Goldman, JPMorgan Planned Private Rescue of AIG
It never happened, of course. But AIG's former CEO Maurice Greenberg believes the federal government didn't have the authority to step in.
By
Iris Dorbian
| October 3, 2014
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Risk Management
Why Low Interest Rates Boost Insurance Prices
A steady drop in insurance companies’ investment income is prodding them to charge you more.
By
David Katz
| March 31, 2014
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Risk Management
How The Hartford Was Saved from the Brink
During the financial crisis the firm's share price fell by almost 100 percent. Its CFO tells a tale of survival.
By
David McCann and Kathy Hoffelder
| October 9, 2013
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