Lexington Insurance, an AIG company, is pulling out of the Florida homeowners market, leaving an estimated 8,000 affluent customers looking for coverage. And those homeowners likely won’t be able to turn to Citizens Property Insurance Corp., the state-backed insurer of …
The holding company of U.S. insurer American International Group Inc.’s life and retirement business, SAFG Retirement Services Inc., filed for an initial public offering in the United States on Monday. In the filing, SAFG reported total revenue of $23.39 billion …
A multibillion-dollar bill is coming due for the U.S. opioid epidemic and insurers for some of the largest drug makers, distributors and pharmacies are refusing to help pay for it. A Delaware Supreme Court ruling in January has emboldened insurers …
American International Group said it is committing to net-zero greenhouse gas emissions within its underwriting and investment portfolios by 2050. “AIG is focused on the realities of climate change,” said Peter Zaffino, AIG chairman and CEO, in a statement. “The …
Peter Zaffino, CEO of American International Group (AIG), said the company’s ongoing analysis of the increased frequency and severity of natural catastrophes has led to a decision to move the high-net worth homeowners business to excess and surplus lines in …
American International Group and Blackstone said they have closed on the previously disclosed transaction for Blackstone to acquire a 9.9% equity stake in AIG’s Life & Retirement business and for Blackstone to manage an initial $50 billion of Life & …
Neglected no more. Independent agents are feeling the love from property/casualty insurance carriers—and the scores they are giving carriers are moving higher, J.D. Power reports. According to results of the J.D. Power 2021 U.S. Independent Agent Performance and Satisfaction Study, …
AIG Zaffino Named Chairman as Duperreault to Retire American International Group announced that Peter Zaffino, president and chief executive officer, will assume the additional role of chairman of the board of directors, effective January 1, 2022. As previously announced, Brian …
Hartford Names Burns as Head of Marketing and Comms, Succeeding Bromage The Hartford has appointed Claire Burns chief marketing and communications officer, effective Sept. 1. Burns will report directly to Chairman and CEO Christopher Swift. She succeeds Kathleen Bromage, who …
American International Group Inc. plans to use an IPO to sell part of its life and retirement business, while Blackstone Group Inc. agreed to buy a sizeable stake, according to a person familiar with the matter. AIG and Blackstone said …
