- Reuters•18 minutes ago
American International Group Inc (AIG.N) has agreed to pay roughly $10.2 billion to Warren Buffett's Berkshire Hathaway Inc (BRKa.N) to take on many long-term risks on U.S. commercial insurance policies it has already written. The reinsurance transaction covers "long-tail" exposures, which are liabilities that can emerge long after policies are issued, from excess casualty, workers compensation and other AIG policies dating from 2015 and before. Berkshire's National Indemnity Co unit will take on 80 percent of net losses in excess of the first $25 billion, with a maximum liability of $20 billion.
- The Wall Street Journal•2 hours ago
American International Group said it has reached a $9.8 billion reinsurance pact—one of the largest ever such deals—with a unit of Berkshire Hathaway.
- MarketWatch•3 hours ago
American International Group Inc. said Friday it has entered an adverse development reinsurance agreement with a unit of Warren Buffett's Berkshire Hathaway Inc. . The agreement, which allows the insured ...
AIG : Summary for American International Group, I - Yahoo Finance
American International Group, Inc. (AIG)
NYSE - NYSE Real Time Price. Currency in USD
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|Day's Range||66.26 - 67.45|
|52 Week Range||48.41 - 67.47|
Trade prices are not sourced from all markets
|PE Ratio (TTM)||-233.45|
|Dividend & Yield||1.28 (1.93%)|
|1y Target Est||N/A|