AIG Private Client Group News

AIG Launches Largest-Ever Syndicate at Lloyd’s, Operating in High Net Worth Sector

American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client Group (PCG), which operates in the high net worth segment. Significant capital support …

QBE’s Zortman Joins AIG to Lead Private Client Group

American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group, General Insurance. In this new role, Zortman will lead AIG’s global high net worth portfolio, with responsibility for strategy, underwriting …

Insurers’ Firefighting Teams Move to Limit Damage from California Wildfires

California’s raging wildfires are so bad that American International Group Inc. and Chubb Ltd. are deploying teams of specialists and former firefighters to spray retardants on homes. The season may soon rank among the industry’s most costly. The latest blazes …

AIG Latest to Bring Cyber Insurance to Personal Lines High-Net Worth Clients

American International Group Inc., the biggest seller of cyber insurance to businesses, is bringing cyber insurance and risk mitigation services adapted from its CyberEdge commercial insurance product to its high net worth personal lines insurance clients. AIG is offering the …

AIG Launches Insurance for Couture, Designer Wardrobe Collections

AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer wearable collections. The new couture product offers coverage not typically …

AIG Launches Risk Management Service for Builders of Luxury Homes

AIG Private Client Group, a division of American International Group, Inc., has introduced a risk management and mitigation service for residential construction projects with budgets of $5 million or more. As part of its Smart Build offering, AIG risk experts …

Crystal, AIG Offer Conceptual Art Insurance for Private Clients

Crystal & Co., a strategic risk and insurance advisor, has partnered with AIG Private Client Group, a division of AIG, to create a new insurance product for private clients with conceptual art collections. Conceptual art is focused more on the …

Hourihan Named President of AIG Private Client Group, U.S. and Canada

Jerry Hourihan has been named president of American International Group’s (AIG) Private Client Group for the U.S. and Canada. He will report to Ralph Mucerino, CEO of Consumer Regional, Americas. Hourihan will be a high net worth client advocate and …

Insurers’ Private Firefighters Give Wealthy Homeowners Extra Protection

Bill Potter wasn’t eager to abandon his high-end house last month during evacuations forced by a massive Idaho wildfire, but he felt reassured when his insurance company sent a team to protect his home near the world-class ski resort of …