AIG to Sell Validus Re to RenRe in $3B Deal May 23, 2023 By Chad Hemenway American International Group (AIG) said late Monday it has entered into an agreement to sell Validus Re to RenaissanceRe Holdings...
Top Cyber Insurers: 2022 Ranking Reveals Sprinters, Market Share Shifts May 17, 2023 In a year when cyber insurers notched the third-lowest industrywide loss ratio since 2015, and cyber premiums vaulted to $7.2...
AIG Records Strongest Q1 Underwriting Results in General Insurance May 5, 2023 By Chad Hemenway American International Group said first quarter 2023 underwriting income in its general insurance segment was $502 million, “representing the strongest...
American Financial Group to Acquire Crop Risk Services From AIG for $240M May 3, 2023 American Financial Group Inc. and American International Group announced they have entered into a definitive agreement whereby AFG will purchase...
AIG, Stone Point Finalize Deal to Start MGA for High Net Worth Business April 27, 2023 American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client...
Insurance Veteran Motamed, 74, Dies April 20, 2023 Thomas F. Motamed, an industry veteran who started his career as a claims trainee and eventually led some of the...
Lukoil Buys Into AIG’s Former Russian Subsidiary April 20, 2023 Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s...
Ex-Goldman Banker Faces Insider Trading Trial After Being Cut Off by Bank’s Insurer March 14, 2023 By Greg Farrell A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to...
Insurers Successfully Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia March 13, 2023 By Siddharth Philip and Upmanyu Trivedi Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for...
AIG Sees Q4 Profit Fall but General Insurance Underwriting Jumps 27% February 16, 2023 By Chad Hemenway Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion...