AIG
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The S&P 500 insurance industry index rose by 2.8 percent as lawmakers neared a vote on a coronavirus economic relief package.
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George Williams joins the reinsurance broker as global head of client support services.
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AIG gains 19 percent, outstripping a 12 percent increase on the S&P 500 insurance industry index.
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Shareholder William Steiner is calling for AIG to lower the threshold of equity shareholders need to call a special general meeting.
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AIG marked a third straight day of stock price losses, ending at $18.78 per share.
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The S&P 500 insurance industry index rose by 8.2 percent by the close of markets Friday. -
The broader S&P 500 insurance index ended the day down 11.3%.
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The executive, who is also chief accounting officer, will leave at the end of the month.
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London will set global strategy and serve as the core specialty hub.
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The carrier’s stock price jumped to over $35 per share by the close of markets.
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Insurers slump further than benchmark equity indices on fears for their investment portfolios.
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The appointment positions the outgoing Lloyd's executive as a likely successor to Zaffino as GI head.
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Daily Digest: Top news from 11 September
11 September 2025