(Bloomberg) -- Coverage insurers have limited exposure to PG&E Corp. bonds through their investment portfolios, Goldman Sachs analyst Yaron wrote in a note earlier after the California utility said Monday it intendsto file for bankruptcy later this... read more
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Topics regarding layoffs at AIG (American Intl Group Inc.)
NFP understands that a person can't be defined just by the last job you had. We need insurance professionals in Property & Casualty, Specialty Lines (D&O, etc) and Corporate Benefits. Special consideration give to applicants who have both carrier and... read more
Have there been any news on more layoffs at AIG? I've heard some whispering, but nothing concrete. I feel that it has been long enough since the last larger round that we are due another one sometime soon. Does anybody have more info on this?... read more
Will AIG stock get above 50 dollars in 2019? Concerned stockholder.
Has anyone heard what plans are for work comp, if reduction in staff and services planned?
Yes. Managers see their bonuses go up for RIFFING people. It's actually a big component of their yearly goals. Just saw employment report shows a record number of people voluntarily left their jobs in December. I bet AIG will have its share of... read more
It has been announced that AIG acquired Ellipse, a UK based company that specializes in group life risk protection. The acquisition was made through AIG life, a UK subsidiary of AIG Life & Retirement, for a not yet disclosed amount of money... read more
I feel like AIG is pressuring people into quitting on their own to save on severance and bad press. Have you noticed how bad the situation here has become? The more experience you have the worse you are treated by management. I know several people... read more
Has anyone heard anything about the yearly bonus ?
This article was a good take on the whole current situation at AIG, from the reasons why we got to where we are to the possible scenarios about how things might pan out in 2019. My take for 2019 is that we could see a slightly better year at AIG... read more
Good read on Zacks.com https://www.zacks.com/stock/news/344539/is-aig-doomed-to-have-a-terrible-2019-too
For experienced claim handlers with a JD in NYC there are a lot of jobs. You’ll probably have to take less money than AIG. I,was offered three jobs that fit the above after getting RIFed over the summer. I turned two of them down. There are jobs. Get... read more
Start sending out information on which companies are seriously hiring. Update Resume Set up Bookmark on companies and view positions once a week. Be willing to relocate Stay Positive!!!
This was asked in another thread, but there were no answers so I'm going to try again. Have there been any news on possible layoffs in Claims anytime soon?
“1. The people you work for don’t know what you are capable of. You’ve tried to show them, but they’re not interested. 2018 is almost over, and you have nothing new to add to your resume. When you kill yourself to complete a project, help a customer... read more
There have been a lot of process improvements that some would equate to a need for lower headcount, but for most, those changes have just made a very long a day little more tolerable. Regardless of what anyone thinks, this is a relationship business... read more
Heard of at least 6
Most companies don't rif 2 weeks before Christmas. AIG could care less. Ruining the lives of their employees in the name of profits says it all. 2019 won't be any better than this year. Maybe they should watch It's a Wonderful Life. The missing $... read more
IT had the most layoffs and it continues. Majority replaced by KL / Malaysia. Replacements are not up to par, and no actual official news on layoffs as they try to keep each lay-off in each location under the limit for announcements. This is almost... read more
Is it widely held that KC SS is to be shut down is there any idea how this might occur might it be a gradual drawdown & what if any would be left in the aftermath some say ‘they can’t’ take everything overseas my take is where there’s a will there’s... read more
There have been many layoffs and will be more to come I am sure. Business is down. Wrong accounts are being written with the wrong premiums. This company has made one upper management mistake after another. Layoffs have occurred in claims and there... read more
Has Risesmart, the outplacement agency, worked for anyone?
For me: Money Work life balance
There is no spirit of giving at AIG. Some offices have parties, others don't. This company that I truly loved when I started is on a destructive path. BD goes to Bermuda in the same week as a big RIF. As you know, travel has been restricted in the... read more
Does anyone have any information regarding KC Shared Services & anything at all as it relates to RIFs or potential layoffs it’s said morale quite low and angst is on the ascent seeing SP WI being shut down folks are on high alert
The guy making six figures has to work with an uninspired workforce already under the gun after all the RIF's creating a stressful workload. It took years for Hank Greenberg to build up the company. Granted he made mistakes with the derivatives but... read more
No one is safe regardless of level.
My position was eliminated in Q4 2018, after being reassured that I had "nothing to worry about" by my supervisor. Don't trust any supervisors. I find AIG to be a very unstable company. More layoffs coming. I was unfortunate to get termination at... read more
The layoffs are continuing to down spiral worse each week now. We currently lose a large number of employees from the Global BSA team. There is no telling whether or not I will have a job tomorrow or next week. Majority of the layoff is is currently... read more
This will be the 8th negative surprise out of 11 since BD came on board. NICE!
Which specific locations and/or divisions within underwriting will experience RIFs and when - 2018 or 2019? Does anyone know beyond just ongoing and all AIG departments affected by RIF?
We had a RIF go down this AM. About a third of our unit. More to follow tomorrow. Watch out for mundane, scheduled meetings on such things as goals. The only goal by the company is to RIF the employee without raising any suspicion. They were... read more
Anyone hearing where next round of RIFs will happen heard SP WI shared services hit hard how about any other shared services-claims processing locations