Rating agency says insurer's capital position has been restored
Standard & Poor's has affirmed its AA+ counterparty credit and financial strength ratings for AIG's core operating subsidiaries, after the insurance group completed its capital raising of $17bn.
It said that the outlook on the ratings is negative.
AIG posted record losses of $7.8bn in the first quarter of this year.
In a statement S&P said that AIG had raised about $17 billion of a total $20 billion planned through the issuance of new common shares, equity units, and junior subordinated debentures.
S&P concluded the capital raised restored the firm to a very strong consolidated capital position.
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.
