Activist investor Carl Icahn has raised his stake in AIG to 4%, putting further pressure on the insurer’s board to heed his radical agenda.
Icahn raised his holding in the company by one-fifth and now owns 44.4 million shares in AIG, according to regulatory filings.
Icahn has waged a campaign since late last year for AIG to split into three separate companies - mortgage insurance, health and life insurance and general insurance, with surplus value returned to shareholders. He says this will prevent AIG being designated as “too big to fail”, which would attract additional regulatory costs.
Chief executive Peter Hancock has resisted the pressure so far, but has allowed Icahn to nominate two directors to AIG’s main board.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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