AI Prospecting for American International Group

American International Group (AIG) will report its first quarter 2025 financial results on May 1, 2025, and host a conference call on May 2, 2025, to review these results. AIG's Q4 2024 general insurance underwriting income was down 29% due to high catastrophe losses[4][5].

AIG has led the launch of a new reinsurance syndicate at Lloyd’s, Syndicate 2478, which commenced underwriting on January 1, 2025. This syndicate is a multi-year participant on AIG’s global reinsurance platform[5]. AIG’s CEO Peter Zaffino discussed the insurer-reinsurer balance and the possibility of a $200 billion catastrophe year in 2025 during the fourth quarter earnings call[5]. Jon Hancock will lead AIG’s global personal lines as part of the company’s business restructuring, in addition to his role leading the international commercial business[5].

AIG’s CEO Peter Zaffino, at the 2025 Investor Day, discussed how GenAI is reshaping the future of insurance, particularly in underwriting and claims, emphasizing the role of CEO leadership and cultural transformation in deploying AI at scale[3]. A federal judge has allowed much of AIG’s lawsuit against Dellwood Insurance Group to proceed, regarding allegations of trade secret theft[5]. Christopher Flatt has been named AIG’s global chief underwriting officer, effective immediately, after previously heading AIG North America alternative channels[5]. Zurich Insurance Group has completed the acquisition of AIG’s global personal travel insurance business for $600 million[5].