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25.11.25 - 17:12
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AM Best Assigns Credit Ratings to American International Reinsurance Global, Ltd. (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to American International Reinsurance Global, Ltd. (AIRG) (Bermuda), a subsidiary of American International Group, Inc. (AIG). The outlook assigned to these Credit Ratings (ratings) is positive.
The ratings of AIRG reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
The ratings of AIRG also reflect the company's role as a reinsurer of affiliated international business, and the reinsurance, liquidity and other explicit and implicit support provided by other AIG entities. AIRG is expected to start assuming affiliated reinsurance in 2026. The positive outlooks are in line with the current outlook for AIG and its subsidiaries.
This press release relates to Credit Ratings that have been published on AM ...
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20.11.25 - 22:42
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Ex-Lloyd′s CEO Lost $17 Million AIG Job After Office Romance (Bloomberg)
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American International Group Inc.'s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive to lose a $17 million job before he'd even started....
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17.11.25 - 22:18
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Gary Haase to Join Everest as EVP, CEO of Legacy Operations (Business Wire)
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HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (NYSE: EG), a global underwriting leader providing world-class reinsurance and specialty insurance solutions, today announced the appointment of Gary Haase as Executive Vice President and CEO of Legacy Operations, effective December 1, 2025. He will report to Jim Williamson, Everest's President and CEO, and will join the Company's Executive Leadership Team.
The appointment follows Everest's recent $2B renewal rights sale of its commercial retail insurance business to AIG, a strategic step in refocusing the Company on its core, high-performing global businesses. Mr. Haase will lead the strategy and execution of Everest's legacy insurance portfolios, driving capital efficiency, operational discipline, and long-term value.
“Gary's broad and diverse experience — from actuarial and claims to M&A and technology transformation — makes him uniquely qualified for this role and an exceptional addition to our senior team,” said Jim Williamson. “H...
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05.11.25 - 02:15
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Corebridge Financial Announces Pricing of Secondary Offering of Common Stock by AIG (Business Wire)
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HOUSTON--(BUSINESS WIRE)--Corebridge Financial, Inc. (NYSE: CRBG) today announced that the previously announced secondary offering by American International Group, Inc. (NYSE: AIG) of common stock of Corebridge Financial has priced at $31.10 per share. The offering is expected to close on November 6, 2025, subject to customary closing conditions.
AIG, as the selling stockholder, has offered 32.6 million existing shares of common stock (out of approximately 520 million total shares of common stock outstanding) of Corebridge Financial, corresponding to approximately $1.0 billion of gross proceeds. All of the net proceeds from the offering will go to AIG.
In addition, Corebridge Financial, Inc. announced that, subject to the completion of the offering, it intends to purchase approximately $500 million of common stock from the underwriter at the same per share price to be paid by the underwriter to AIG, net of underwriting discounts and commissions. Corebridge Financial, Inc. intends to fund the purchase with...
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