S&P Global Ratings expects both the primary insurers and reinsurers to be able to absorb losses from the California wildfires, limiting them to an earnings event. However, the mounting bills from more frequents large wildfires in the state against a …
Vault, an insurer focused on the high net-worth personal insurance market, has officially opened for business in South Carolina. Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Vault’s business model, built …
American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the European Economic Area and Switzerland. The …
American International Group, Inc. has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer, effective immediately. Wismer will be based in New York and report to Sid Sankaran, executive vice president and chief financial …
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …
American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report to Peter Zaffino, chief executive …
In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that …
American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight months after Brian Duperreault took over at AIG as president …
A federal appeals court says an insurance company must pick up Bill Cosby’s tab to fight defamation lawsuits brought by women who accused him of sexual misconduct. But the ruling by the 1st U.S. Circuit Court of Appeals in Boston, …
American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uninterrupted UK …
