American International Group has appointed Thomas Stoddard as an independent director, aligning with its planned CEO transition to Eric Andersen on 1 June 2026. Stoddard will serve on the Audit Committee. Stoddard brings extensive experience across insurance, asset management and investment banking, including CFO roles at Aviva and Athora, and currently serves on Prudential Financial's board. His background in capital structure, mergers and acquisitions, and reinsurance may inform AIG's decisions on capital allocation, buybacks and portfolio reshaping. The appointment strengthens board oversight ahead of the leadership change, particularly around risk management, underwriting discipline and balance sheet strength. Investors can monitor how Stoddard's influence appears in future disclosures on business mix and capital priorities as AIG navigates the transition.

American International Group reported what CEO Peter Zaffino called an "exceptional" first quarter, with strong underwriting results and double-digit premium growth in General Insurance. Net premiums written in General Insurance increased 18% year-over-year on a constant dollar basis, driven by Global Commercial Insurance (up 21%) and Global Personal Insurance (up 11%). Adjusted pre-tax income rose 65% to $1.5 billion, whilst underwriting income more than tripled to $774 million. The accident year combined ratio improved 120 basis points to 86.6%. Calendar year combined ratio reached 87.3%, improving 850 basis points year-over-year. The company reported $132 million in favourable prior-year development, primarily from US property and Financial Lines. Adjusted after-tax income per diluted share rose 80% to $2.11.

Insurer AIG reported a sharp rise in first-quarter adjusted profit, driven by strong underwriting performance and a 66% decline in catastrophe-related charges to $180 million. General insurance underwriting income more than tripled to $774 million compared to the previous year, when the industry faced substantial claims from Los Angeles wildfires. The New York-based company's adjusted after-tax income attributable to common shareholders reached $1.15 billion, or $2.11 per share, up from $702 million a year earlier. Net investment income rose 8% to $915 million on an adjusted pre-tax basis. AIG increased its quarterly dividend to 50 cents per share and said it remains on track to meet or exceed its 2026 financial objectives. CEO Peter Zaffino, who will step down in mid-2026, cited confidence in navigating global risks whilst delivering profitable growth.