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24.02.26 - 22:21
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MetLife Appoints Two Experienced Leaders to Board of Directors (Business Wire)
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NEW YORK--(BUSINESS WIRE)--#MetLife--MetLife, Inc. (NYSE: MET) today announced that Dan Glaser and Michelle Seitz were elected to its Board of Directors (the “Board”), effective immediately. Both leaders bring significant leadership and business experience to their roles.
Glaser, currently an operating partner at the private investment firm CD&R, has held senior positions in commercial insurance and insurance brokerage for more than 40 years, including serving for a decade as president and CEO of Marsh McLennan (MMC). He was also president and chief operating officer of Willis Risk Solutions and held senior roles at AIG, including leading its U.K. and Ireland operations. For 10 years, Glaser served as chairman of the U.S. Federal Advisory Committee on Insurance.
Seitz brings more than 30 years of investment management experience to the Board, most recently serving as chair and CEO of Russell Investments and CEO of investment bank, William Blair, before that. She is the founder and CEO of MeydenVest Pa...
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10.02.26 - 23:18
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AIG Logs Lower Profit as Net Investment Income Slides (WSJ EN)
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The insurance company said the decrease was primarily due to a change in unrealized losses related to AIG's ownership interest in Corebridge Financial and a gain from the divestiture of its global personal travel business in the prior year....
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10.02.26 - 22:18
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AIG Reports Excellent Fourth Quarter and Full Year 2025 Results (Business Wire)
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Fourth Quarter 2025:
Net income per diluted share of $1.35, compared to $1.43 in the prior year quarter; Adjusted after-tax income* (AATI) per diluted share of $1.96, compared to $1.30, up 51% year-over-year
General Insurance underwriting income of $670 million, up 48% year-over-year
General Insurance combined ratio of 88.8%; Accident year combined ratio, as adjusted* (AYCR) of 88.9%
Global Commercial net premiums written (NPW) of $4.5 billion, an increase of 4% year-over-year on a reported basis, or 3% on a comparable basis,*† driven by 11% growth in new business
Returned $809 million of capital to shareholders, including $567 million of share repurchases and $242 million of dividends in the quarter
Return on equity (ROE) of 7.2% and Core Operating ROE* of 11.7%
Full Year 2025:
Net income per diluted share of $5.43, compared to net loss per diluted share of $2.17 in the prior year; AATI per diluted share of $7.09, compared to $4.95, up 43% year-over-year
General Insurance underwriting income of $2.3 bi...
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10.02.26 - 18:45
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Insurance Brokers Extend Monday′s Plunge On Fears AI Is Coming For Them Next (ZeroHedge)
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Insurance Brokers Extend Monday's Plunge On Fears AI Is Coming For Them Next
The rolling AI disruption wave, which most recently crushed the software sector, slammed insurance brokers on Monday with losses extending on Tuesday, as most names in the space slumped following reports from Reinsurance News and others that OpenAI approved the first AI insurance app on ChatGPT, built by Spanish digital insurer Tuio.
The insurance brokerage space dived 9% on average on Monday in reaction to the news: among the worst performers were Willis Towers Watson which experienced the steepest decline, its shares falling 13%. Arthur J. Gallagher dropped 9.4%, while Aon shed 8.5%. Ryan Specialty and Brown & Brown fell 8% and 7% respectively, with Marsh & McLennan also down 7%. Insurer AIG saw a more modest decline of 2%.
The market reaction came after OpenAI announced that Tuio's app, powered by WaniWani's AI distribution infrastructure, allows ChatGPT users to receive personalized home insurance quotes direct...
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