Perelman at $410 Million Art Trial Says Fire Faded His Works June 18, 2025 By Chris Dolmetsch Ron Perelman told a judge that five of his paintings totaling over $400 million in value lost their luster from...
Insurers Must Pay Up for Jets Seized by Russia, UK Judge Rules June 11, 2025 By Upmanyu Trivedi Insurance companies must compensate aircraft lessors and owners for planes that Russia seized when it took counter-sanction measures after the...
Ron Perelman’s Fight Over $410 Million in Art Insurance Goes to Trial June 3, 2025 By Chris Dolmetsch and Tom Maloney Nearly seven years after a fire ripped through Ron Perelman’s Hamptons home, he is asking a New York state judge...
People Moves: AIG Taps Colombo From Swiss Re as CEO, Latin America and Caribbean; Willis Names Former Allianz Exec Vosloh as Head of Cyber for EMEA May 15, 2025 This edition of International People Moves details appointments at American International Group and Willis. A summary of these new hires...
AIG Q1 Underwriting Income More Than Halved on Wildfire Losses May 1, 2025 By Chad Hemenway First quarter underwriting income in AIG’s General Insurance segment dropped 59% compared to last year, to $243 million. The unit—North...
AIG: Turning One Human Underwriter Into Five, ‘Turbocharging’ E&S April 30, 2025 By Susanne Sclafane Some property/casualty insurers talk about experimenting with artificial intelligence to automate call center responses and back-office operations. But that’s not...
AIG’s Zaffino Talks More on Insurer-Reinsurer Balance as $200B Cat Year May Loom February 13, 2025 By Chad Hemenway American International Group CEO Peter Zaffino used the insurer’s fourth quarter earnings call to again talk about reinsurance attachments points,...
AIG Q4 General Insurance Underwriting Income Down 29% on Catastrophes February 12, 2025 By Chad Hemenway American International Group reported fourth quarter 2024 net income of $898 million compared to $86 million the prior year, but...
AIG’s Hancock to Lead Global Personal Lines as Insurer Restructures Businesses January 28, 2025 American International Group (AIG) said it is organizing into three segments and Jon Hancock will lead two of them. Hancock...
People Moves: AIG Moves Flatt to Global CUO; Tooker Now President at The Hartford; Berkley Financial Names Brinkley Chief of Claims January 10, 2025 American International Group (AIG) said Christopher Flatt, currently head of AIG North America alternative channels, has been named global chief...