Zurich to Buy AIG’s Travel Insurance Business for $600 Million June 26, 2024 By Chad Hemenway Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600...
Dellwood Specialty Gets A- Rating From AM Best June 25, 2024 By Chad Hemenway Dellwood Specialty Insurance Company has received a financial strength rating of A- (Excellent) from AM Best. The industry rating agency...
AIG Drops Claims Against Former Execs Who Started Dellwood Insurance May 31, 2024 By Chad Hemenway American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG...
People Moves: TMPAA Names Abbey New Executive Director; AIG Appoints Browne Global Head of Specialty May 23, 2024 American International Group, Inc., headquartered in New York, appointed Gordon Browne as global head of specialty, effective June 11. Browne...
AIG Profit Exceeds Expectations on Lower Catastrophe Losses May 2, 2024 By Matthew Griffin American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to...
4,800 Claims Handled by Unlicensed Adjusters in Florida After Irma, Lawsuit Says April 25, 2024 By William Rabb Two south Florida lawsuits against property insurers argue that two major carriers employed a business strategy of hiring inexperienced or...
AIG General Insurance Chairman McElroy to Retire May 1 April 22, 2024 American International Group (AIG) today announced a top executive will retire in less than two weeks. David McElroy will retire...
AIG Sues Newly Launched Dellwood Insurance and Its Founders April 3, 2024 By Chad Hemenway American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group...
Appeals Court Rules Insurers Not Obligated to Defend Opioid Distributor McKesson January 31, 2024 By Chad Hemenway The role drug distributor McKesson Corp. had in the opioid crisis was no accident, meaning the company is not entitled...
Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources January 3, 2024 U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided...