AIG 8-K
American International Group, Inc. (AIG)
8-K
2025-07-21
For: 2025-07-16
View Original
Added on
April 08, 2026
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): July 21, 2025 (July 16, 2025 )
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices)
Registrant’s telephone number, including area code: (212) 770-7000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ¨
Section 5 - Corporate Governance and Management
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On July 16, 2025, American International Group, Inc. (the “Company”) announced that John Neal, age 60, will serve as President, effective December 1, 2025. Mr. Neal is currently employed by Lloyd’s of London where he served as Chief Executive Officer from October 2018 to January 2025.
The Compensation and Management Resources Committee of the Company’s Board of Directors approved the terms of Mr. Neal’s compensation. Mr. Neal will: (i) receive a base salary of $1,250,000 per year; (ii) be eligible for a target annual cash bonus of $3,750,000 under the AIG Short-Term Incentive Plan, with a guarantee of no less than target for the 2025 performance year; and (iii) be eligible for a target annual equity award of $5,000,000 under the AIG 2021 Omnibus Incentive Plan. On his start date, Mr. Neal will receive restricted stock units with an initial grant value of $4,500,000 that will vest ratably over three years and a cash payment of $2,700,000.
There are no arrangements or understandings with any person pursuant to which Mr. Neal was appointed to serve as President of the Company. Mr. Neal has no family relationship with any director or executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference herein.
Section 9 - Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits.
| (d) | Exhibits. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
EXHIBIT INDEX
| Exhibit No. | Description | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
AMERICAN INTERNATIONAL GROUP, INC. (Registrant) | |||||||||||
| Date: July 21, 2025 | By: | /s/ Christina Banthin | |||||||||
| Name: | Christina Banthin | ||||||||||
| Title: | Senior Vice President and Corporate Secretary | ||||||||||
| Press Release | Contacts: | ||||
| www.aig.com | Quentin McMillan (Investors): [email protected] | ||||
Leah Gerstner (Media): [email protected] | |||||
AIG Appoints John Neal as President
NEW YORK – July 16, 2025 – American International Group, Inc. (NYSE: AIG) today announced that John Neal will be joining AIG as President, effective December 1, 2025. In this role, Mr. Neal will report to Chairman & CEO, Peter Zaffino and lead AIG’s General Insurance organization, which includes the North America Commercial Insurance, International Commercial Insurance and Global Personal Insurance businesses. He will become a member of AIG’s Executive Leadership team.
Mr. Zaffino said, “I have known John for more than 20 years, and he is widely recognized as one of the most accomplished insurance executives in the industry. His appointment adds significant depth, global underwriting experience, and talent to our leadership team. I am confident that John will continue to enhance our culture of underwriting excellence. I look forward to working with him as we continue to drive profitable, sustainable growth and further strengthen our relationships with our valued clients and partners across the industry.”
“AIG is an iconic, global insurance industry leader, recognized for the deep technical expertise of its team and its remarkable strategic repositioning,” said Mr. Neal. “I am honored to take on the role of President and look forward to working closely with Peter and AIG’s talented colleagues around the world on behalf of our clients and stakeholders.”
Mr. Neal was formerly the CEO of Lloyd’s of London, a leading insurance marketplace, serving in the role from October 2018 to January 2025. He is credited with leading its successful turnaround during that time. Before Lloyd’s, Mr. Neal was the Group CEO of QBE, where he held several senior leadership roles throughout his career, including Chief Underwriting Officer and Chief Operations Officer for the company’s European operations.
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About AIG
American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.