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Stock Market & Financial Investment News

News Breaks
May 12, 2014
06:33 EDTAIGHancock, Wintrob the frontrunners to become next AIG CEO, WSJ reports
Peter Hancock and Jay Wintrob, two AIG executives, are the frontrunners to succeed CEO Robert Benmosche, the Wall Street Journal reports, citing sources familiar with the matter. The company's board hopes to make a decision on the succession plan as soon as September. The board is also considering external candidates, but likely won't seek someone on the outside unless Hancock and Wintrob "fall out of favor," one source says. Reference Link
News For AIG From The Last 14 Days
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July 28, 2015
08:32 EDTAIGAIG to acquire First Principles, terms not disclosed
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08:31 EDTAIGAIG names Douglas Dachille as Chief Investment Officer
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July 16, 2015
09:09 EDTAIGAIG expands presence in Chinese-American life insurance market
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08:54 EDTAIGBofA/Merrill U.S. life insurance analyst holds analyst/industry conference call
U.S. Life Insurance Analyst Weiss, along with Jill Hoffman, VP of Government Affairs and Felicia Smith, VP & Senior Counsel for Regulatory Affairs from the Financial Services Roundtable, discuss the Labor Department's recent proposal to impose fiduciary standards on the sale of retirement products on an Analyst/Industry conference call to be held on July 20 at 11 am.
08:05 EDTAIGAIG launches design, construction risk mitigation service for luxury homes
AIG Private Client Group said it introduced the insurance industry’s first risk management and mitigation service for residential construction projects with budgets of $5M or more. The service seeks to minimize risks related to natural catastrophe, water damage, security, fire and life safety, and potential threats to fine art or other collections that will be located in a home. AIG’s Smart Build recommendations come from the company’s deep experience protecting some of the world’s largest luxury homes, as well as extensive analysis of AIG claims data and overall loss trends.

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