AIG Archives - CFO

AIG Names Shane Fitzsimons as New CFO

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

AIG to Spin Off Life & Retirement Business

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

Former AIG Finance Chief Joins Health Insurance Start-up

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

AIG Discloses Significant Catastrophe Losses; Names New CFO

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

AIG, IBM Partner on Novel Blockchain Contract

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

$5.6B Charge Dims AIG Turnaround Hopes

$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

Rising to the Challenge

Rising to the Challenge

Twenty CFOs who have career-defining tests ahead.

By CFO Staff | September 15, 2016

Lacking Investment Yields, AIG Zeroes in on Profits

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

Special Report: Insurance at Risk

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

AIG Names New CFO in Management Shake-up

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

Is Berkshire Hathaway Systemically Important?

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

AIG Gets OK to Use Drones to Scan Disaster Areas

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

Goldman, JPMorgan Planned Private Rescue of AIG

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

Why Low Interest Rates Boost Insurance Prices

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

How The Hartford Was Saved from the Brink

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