Major Low Likely in Place on S&P 500 In our 2/25/25 Compass, we discussed our expectation for near-term downside as the S&P 500 and Nasdaq 100 (QQQ) displayed several bearish short-term developments. We also said it likely means at least another 2-4 weeks of consolidation, that one or two 8-10% pullbacks in a given year on the SPX is common (even during bull markets), and to not be surprised if there is a test of the bottom of the range at either 5770-5850 or 5600-5670, where we would be buyers...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately. This press release features multimedia. View the full release here: Juan Perez (Photo: Business Wire) With more than 30 years’ experience leading strategic technology initiatives at Fortune 500 companies, Mr. Perez is a distinguished technology executive with deep expertise in artificial intelligence, data strategy and d...
A director at American International Group Inc bought 10,000 shares at 77.000USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today reported financial results for the fourth quarter and full year ended December 31, 2024. “2024 was an outstanding year of accomplishments for AIG in which we successfully executed multiple complex strategic and operational priorities, delivered outstanding financial results and created exceptional value for our clients and stakeholders. We strengthened the company’s capital structure, improved our financial performance, and achieved a historic milestone with the deconsolidation of Corebridge Financial, which ena...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) will host an Investor Day on Monday, March 31, 2025, beginning at 8:30 a.m. ET. A live webcast of the presentation and associated materials will be posted in the Investors section of AIG’s website at on the day of the event. A replay will be available following the event at the same location. About AIG American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions prot...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that effective immediately Jon Hancock will take on additional responsibilities as it organizes its business into three distinct segments: This press release features multimedia. View the full release here: (Photo: Business Wire) North America Commercial Insurance International Commercial Insurance Global Personal Insurance Mr. Hancock will continue to lead the International Commercial Insurance business and will assume additional responsibility for the newly formed Global Personal Insurance b...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) will report financial results for the fourth quarter and full year ended December 31, 2024, after the market closes on Tuesday, February 11, 2025. AIG’s press release and financial supplement will be available in the Investors section of AIG’s website at . AIG will also host a conference call on Wednesday, February 12, 2025, at 8:30 a.m. ET to review these results. The live, listen-only webcast is open to the public and can be accessed in the Investors section of . A replay will be available after the call at the same...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Christopher Flatt, currently Head of AIG North America Alternative Channels, has been named Global Chief Underwriting Officer, effective immediately. Mr. Flatt will report directly to Peter Zaffino, Chairman & Chief Executive Officer, AIG and join the company’s Executive Leadership Team. This press release features multimedia. View the full release here: Christopher Flatt (Photo: Business Wire) “Chris is a highly respected insurance executive with over 30 years of experience in underwriting, risk m...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that it has led the launch of a new reinsurance syndicate at Lloyd’s. Syndicate 2478 will commence underwriting from January 1, 2025, and will be a multi-year participant on AIG’s outwards reinsurance program. The syndicate, which will be managed by Talbot Underwriting Limited at Lloyd’s, has approved stamp capacity of $715 million for the 2025 Year of Account. Syndicate 2478 will be supported by third-party capital from funds managed by Blackstone through Lloyd’s innovative London Bridge 2 PCC structu...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced the results of its previously announced 12 separate offers (the “Offers”) to purchase for cash the notes of the series listed in the table below (collectively, the “Notes”) and that it has amended the Offers by increasing the applicable Maximum Purchase Consideration from $750 million to $1.16 billion. The Offers were made pursuant to AIG’s Offer to Purchase, dated December 6, 2024 (the “Offer to Purchase”), which sets forth a more comprehensive description of the terms and conditions of each Offer, and ...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced the pricing terms for each series of the Notes included in its previously announced tender offers (the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The Offers are being made pursuant to AIG’s Offer to Purchase, dated December 6, 2024 (the “Offer to Purchase”), which sets forth a more compre...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that is has successfully closed the previously announced sale of approximately 120 million shares of its Corebridge Financial, Inc. (“Corebridge”) common stock to Nippon Life Insurance Company for $31.47 per share, for an aggregate purchase price of $3.8 billion. Wachtell, Lipton, Rosen & Katz acted as legal counsel and J.P. Morgan Securities LLC acted as financial advisor for AIG. Forward Looking Statements Certain statements in this press release and any related oral statements may constitute for...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that it has commenced 12 separate offers (each, an “Offer” and collectively, the “Offers”) to purchase outstanding notes of the series listed in the table below (collectively, the “Notes”) for cash up to a maximum $750 million aggregate amount of Total Consideration (as defined below), excluding the Accrued Coupon Payment (as defined below). The series of Notes that are purchased in the Offers will be based on the acceptance priority levels (each, an “Acceptance Priority Level”) set forth in the table be...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that it successfully closed the previously announced sale of its global individual personal travel insurance and assistance business, including Travel Guard, to Zurich Insurance Group on December 2, 2024. As disclosed upon the signing of the definitive agreement in June 2024, the sale excludes Japan, AIG’s joint venture arrangement in India, and travel coverages offered through AIG’s Group Accident & Health business. Evercore Group L.L.C. acted as financial advisor and Willkie Farr & Gallagher LLP an...
New York , November 20, 2024 – Moody's Ratings (Moody's) has assigned Baa2 ratings to ¥100 billion (approximately $647 million) of senior unsecured notes being issued by American International Group, Inc. (NYSE: AIG) in three tranches. The notes are being issued off AIG's multi-purpose shelf registr...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Christopher Schaper has been appointed Chief Risk Officer of AIG, effective immediately. Mr. Schaper will continue to report to Peter Zaffino, AIG Chairman & Chief Executive Officer and will continue to serve on AIG’s Executive Leadership Team. This press release features multimedia. View the full release here: Christopher Schaper (Photo: Business Wire) Mr. Schaper has held the role of Chief Risk Officer on an interim basis since September 2024, while also serving as AIG’s Global Chief Underwriting...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Courtney Leimkuhler, co-founder and Managing Partner of the venture fund, Springbank, has been elected to its Board of Directors as an independent Director, effective November 5, 2024. This press release features multimedia. View the full release here: Courtney Leimkuhler (Photo: Business Wire) Ms. Leimkuhler is a highly accomplished executive who previously held positions at Goldman Sachs, NYSE Euronext and MarshMcLennan. Ms. Leimkuhler began her career in investment banking at Goldman Sachs, befor...
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