Sunday, September 28, 2025
24.6 C
Lagos

AIG to Invest $1.3bn by 2023 on Technology, Services

 

American International Group (AIG) says it will invest $1.3 billion over the next three years in its massive AIG 200 initiative to revamp and improve technology infrastructure and services.

AIG President and COO, Peter Zaffino said work on the identified “10 core operational programs” would kick-start this year.

Zaffino said: “We have been carefully planning operational road maps for each program, with a focus on resource and investment prioritisation, as well as disciplined execution.”

AIG CEO, Brian Duperreault explained the AIG 200 concept as “a marathon and not a sprint” and “will require significant investment” over time to reduce the company’s cost structure.

spot_img
spot_img

Hot this week

AIICO Deepens Bond with Retirees, Holds Annuity Forum in Lagos, PH

Mr. Gbenga Ilori, Head, Retail Business at AIICO, in...

Sovereign Trust Insurance Holds 30th AGM

L-R: Eric Balogun, Independent Director, Emi Faloughi, Director, Kayode Adigun,...

Unity Bank Shareholders Approve Merger with Providus Bank

  EGM: From left: Mr. Usman Abdulkadir, Executive Director, Risk...

NNPCL: Ogoni Re-entry is a Beacon of Reconciliation through Collaboration

The re-entry into Ogoniland marks a historic turning point...

NLNG, NCDMB Celebrate 122 Graduates of Train 7 HCD Training Program

NLNG in collaboration with the Nigerian Content Development and...

Topics

Crown Flour Mill Reiterates Commitment to Food Security on World Whole Grain Day

As the global community celebrates the World Whole Grain...

‘NCC Not Disqualifying Nigerians Below 18 From Getting SIM’

The Nigerian Communications Commission (NCC) would like to draw...

Emirates Opens New Lounge for Children

Young travellers flying Emirates as unaccompanied minors can now...

Bargain Hunting in Bellwethers Drives Positive Performance… NSE ASI up 33bps

Following a 6-day decline in market performance, bargain hunting...

Ex-CBN Chief, Mailafia, WAIFEM DG for Business Journal 10th Anniversary Lecture

Dr. Obadiah Mailafia Former Deputy Governor Central Bank of Nigeria (CBN) Prof....

Fidelity Bank Extends GAIM 6 Promo, Ups Total Cash Rewards to N189m

Fidelity Bank Plc, a leading financial institution, has announced...

Densiva.ng: Open for Business, Investment in Digital Ecosystem

Densiva.ng, a frontline online marketplace where buyers and sellers...

Leadway Assurance: LOLA Virtual Assistant to Optimise Customer Engagement

In its mission to elevate premium service provision through...
spot_img

Related Articles

Popular Categories

spot_imgspot_img