American International Group is reorganizing its underwriting businesses into three main segments—General Insurance, Life & Retirement, and a standalone technology-enabled platform—the company announced today. The company will no longer have Commercial and Consumer segments. Instead, General Insurance and Life & …
American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board (CPPIB) for $1.1 billion. Total consideration for the deal is …
American International Group Inc. today unveiled a new executive leadership team reporting to CEO Peter Hancock, which Hancock says will ensure “strong end-to-end accountability within the customer segments” and transform AIG into a “more efficient, less complex organization with accelerated …
American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal were not disclosed. The transaction is expected …
American International Group (AIG) has no intention of changing its excess and surplus lines business following the departure of four of its key commercial lines executives for Berkshire Hathaway. “It’s business as usual,” said spokesperson Matthew Gallagher, speaking about AIG’s …
