American International Group Inc. announced at its annual meeting today that the company is raising its quarterly cash dividend 20 percent to 15 cents a share.

Chief Executive Officer Martin Sullivan revealed the move at a session which paid homage to the insurer's storied past, but put emphasis on a different future.

All 15 directors won re-election to the board. As part of its corporate governance reform effort three new independent directors will soon join the board and the chairman and CEO jobs will remain separate.

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.