AIG has announced plans to boost and expand its footprint in Atlanta with two operations moving to a new innovation hub.
The firm is making a workspace that will accommodate current employees and more than 600 additional hires.
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In addition, AIG is expanding its operations in Atlanta and hiring local talent for various roles across underwriting, claims, operations, data engineering and AI. The new hub will enable these co-located teams to incubate digital capabilities, test new processes, and collaborate more seamlessly across functions, accelerating innovation to promote growth and drive scale for AIG’s core businesses.
“For many years, AIG has been a part of Atlanta’s thriving business community, and we look forward to creating more than 600 high-quality jobs that will provide rewarding opportunities for the talented and skilled local workforce,” said Peter Zaffino, Chairman & Chief Executive Officer, AIG. “This investment is part of our commitment to continue to enhance our expertise to help our clients and partners navigate complex and emerging risks, while building additional capabilities for the future.”
“With the Atlanta innovation hub, we are enhancing our data and digital capabilities and recruiting talent with highly sought-after expertise,” added Claude Wade, Executive Vice President, Chief Digital Officer and Global Head of Business Operations & Claims, AIG. “Our goal is to create a collaborative space for AIG colleagues across underwriting, claims, operations, data engineering and generative AI, enabling them to work together to create a differentiated experience for our clients and partners.”
AIG reported a net loss attributable to AIG common shareholders of $3.98bn for the second quarter (Q2) of 2024, versus net income of $1.48bn during the same period of 2023.
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By GlobalDataThe company’s quarterly performance was hit by the recognition of a $4.7bn loss following the deconsolidation of Corebridge Financial.
In Q1 2024, AIG reported attributable net income of $1.2bn.
