Zurich Completes $600M Buy of AIG’s Travel Insurance Business December 3, 2024 Zurich Insurance Group said Tuesday its acquisition of American International Group’s global personal travel insurance business is complete. Zurich said...
AIG CEO Zaffino on Approach to Catastrophe Losses in Today’s Reinsurance Market November 6, 2024 By Chad Hemenway American International Group CEO Peter Zaffino said he expects the reinsurance market’s attachment points to remain on top of losses...
AIG General Insurance Underwriting Profit Falls 28% in Q3 November 5, 2024 By Chad Hemenway American International Group saw third quarter underwriting income in its general insurance segment fall 28% to $437 million due to...
AXA, Aircraft Lessor DAE Clinch Deal as UK Battle Over Jets Seized in Russia Kicks Off October 3, 2024 By Kirstin Ridley and Sam Tobin Aircraft lessor Dubai Aerospace Enterprise (DAE) has secured a settlement with insurer AXA over jets retained in Russia since the...
Dellwood Insurance Says AIG’s ‘Ginned-Up Claims’ Must Be Dismissed October 2, 2024 By Chad Hemenway The legal squabble between American International Group (AIG) and a startup-up formed by some former employees continued this week with...
Global Insurers Fight London Court Battle Over Jets Seized in Russia October 2, 2024 By Kirstin Ridley and Sam Tobin Insurers are playing “pass the liability parcel” in a desperate fight against multi-billion dollar claims over aircraft stranded in Russia...
In Latest Salvo AIG Says its Former Execs at Dellwood Are ‘Bad Leavers’ September 12, 2024 By Chad Hemenway In its latest court filing to keep alive a lawsuit against start-up Dellwood Insurance, American International Group said its new...
AIG’s Repositioning Affects Q2 Earnings; Underlying Underwriting Income Up 2% August 1, 2024 By Chad Hemenway The formal split of its life and retirement business Corebridge Financial resulted in a second quarter net loss of nearly...
MGU Private Client Select Teams With Ryan Specialty on High Net Worth July 26, 2024 Private Client Select Insurance Services (PCS) said it has entered into an agreement with Ryan Specialty on a distribution partnership....
AIG Files Amended Suit Against Former Execs, Dellwood Insurance July 16, 2024 By Chad Hemenway American International Group and a group of its companies have filed a new, amended complaint against Dellwood Insurance Group, started...