Overall, Italian utilities reported 1Q19 results that confirmed their good form. Companies are growing according to their plans. Pure network operators have shown stable metrics development. Multi utilities benefited from overall strong business conditions and high electricity tariffs in the country. After a measured increase in capital expenditure in the last four years, the majority of the companies will speed up investments as disclosed in their latest business plans. For those involved in ga...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) will hold an Investor Meeting focused on its Life and Retirement businesses in New York City on Thursday, June 7, 2018. The presentation will begin at 2:00 p.m. ET and end at approximately 4:00 p.m. ET. Kevin Hogan, Executive Vice President and Chief Executive Officer, Life and Retirement, will host the meeting and provide additional insight into AIG’s Life and Retirement businesses, their market positions, earnings stability and potential growth opportunities....
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE:AIG), announced that it has further expanded its presence in the pension risk transfer market, after reaching agreement on the two largest plan termination transactions of 2017. The two transactions, entered into by American General Life Insurance Company, part of AIG’s Life & Retirement business, represented over $1.5 billion in pension plan obligations covering more than 24,000 retirees, beneficiaries, deferred and active members. AIG expects continued gro...
NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Lisa Sun will join the company as Chief Executive Officer of AIG Insurance Company China, Ltd. Ms. Sun joins AIG from Mercer, where most recently she was CEO of Mercer’s Hong Kong & South and East Asia Zone. Ms. Sun will report to Chris Townsend, Chief Executive Officer, International General Insurance, and her appointment is subject to regulatory approval by the China Banking and Insurance Regulatory Commission. She will be based ...
We believe that a hardening of commercial insurance rates is unlikely for multiple reasons. First, by our calculations less capital has been removed from the industry by the hurricanes ($25-35bn) than was surplus at the beginning of the year ($40-50bn). Second, we believe that only commercial property rates are likely to rise (c20% of commercial P&C) and even then by less than 10%. Third, the ILS market appears to have taken an outsized hit from the hurricanes, thus limiting the damage to the mo...
FINANCIAL INSTITUTIONS ISSUER COMMENT 30 June 2017 RATINGS American International Group, Inc. Rating Outlook STA Senior Unsecured Baa1 Senior Unsecured MTN (P)Baa1 LT Issuer Rating Baa1 Junior Subordinate Baa2(hyb) Source: Moody's Investors Service Analyst Contacts Bruce Ballentine 212-553-7212 VP-Sr Credit Officer [email protected] Kenneth Mayeri
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