Wholesale Growth Is Cycle-Proof; Dual Distribution Has Failed: AIG’s Zaffino September 13, 2022 By Susanne Sclafane Just a few days before the official start of the Wholesale & Specialty Insurance Association annual meeting, AIG’s chief executive...
Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects August 22, 2022 By Niket Nishant and Simon Jessop Broker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for...
Sunoco Subsidiary Sues AIG’s National Union Over Climate Change Lawsuit Coverage August 17, 2022 By Chad Hemenway Sunoco subsidiary Aloha Petroleum has filed a federal lawsuit in Hawaii against AIG’s National Union Fire Insurance Company of Pittsburgh,...
AIG Exceeds Profit Estimates on Strong Underwriting Gains August 9, 2022 Insurer American International Group Inc. beat market estimates for quarterly profit on Monday as a jump in underwriting income cushioned...
Boy Scouts Must Change $2.7 Billion Sex Abuse Fund, Judge Rules August 1, 2022 By Steven Church The Boy Scouts of America must adjust their plan to create the biggest sexual abuse compensation fund in the U.S....
Rapid Cyber Premium Growth by Fairfax, Tokio Marine Increased Share of Market May 9, 2022 By Chad Hemenway The top cyber insurance carriers in 2021 shifted to include Fairfax Financial Holdings and Tokio Marine U.S. as the marketplace...
Russia-Ukraine a ‘Complex’ Situation for Insurance Industry: AIG CEO Zaffino May 5, 2022 By Chad Hemenway AIG CEO Peter Zaffino during the company’s most recent earnings call provided analysts with some insight regarding insurance implications from...
AIG Q1 Net Income Up as Underwriting Profit Soars May 3, 2022 First quarter underwriting profit soared as AIG reported net income of $4.25 billion compared with $3.87 billion during the 2021...
People Moves: AIG Promotes Bolt; RIMS Honors Griffith; Tokio Marine HCC Hires Ingerslev for Cyber; Frenier to Lead CAC Specialty Prof, Cyber Business Development April 14, 2022 AIG Appoints Tom Bolt EVP and Chief Risk Officer American International Group (AIG) said Tom Bolt was named Executive Vice...
AIG Looks at Cutting Insurance for Russia, Ukraine April 8, 2022 By Noor Zainab Hussain and Carolyn Cohn AIG, one of the world’s biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from...