AIG plans job cuts

“Urgent – yet disciplined” – AIG on its plans to cut as many as 400 senior-level jobs, aka ~20% of its senior management. The company reported $231 million net loss, compared to a profit of $2.19 billion for the same period last year. John Paulson and Carl Icahn are shouting ‘break up!’.

Business

AIG to expand its Atlanta footprint

By Coverager ·

AIG is expanding its operations in Atlanta and hiring local talent for various roles across underwriting, claims, operations, data engineering and AI.

Business

AIG appoints Keith Walsh Executive Vice President, Chief Financial Officer

By Coverager ·

Walsh will report to AIG Chairman & Chief Executive Officer, Peter Zaffino.

Financials

Zurich to buy AIG’s personal travel business for $600 million

By Shefi Ben-Hutta ·

Zurich will also acquire AIG Travel's global service centers as part of the deal.

Strategy

AIG completes deconsolidation of Corebridge Financial

By Coverager ·

The deconsolidation is a result of AIG’s decision to waive its right to majority representation on the Corebridge Financial Board of Directors.

AIG plans job cuts

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AIG to expand its Atlanta footprint

AIG appoints Keith Walsh Executive Vice President, Chief Financial Officer

Zurich to buy AIG’s personal travel business for $600 million

AIG completes deconsolidation of Corebridge Financial