AIG’s Profit Slumps on Q3 Catastrophe Losses November 6, 2020 American International Group Inc reported a slump in third-quarter profit on Thursday, hurt by losses related to storms, wildfires and...
AIG’s Plan to Divest Life & Retirement Business Could Prompt Ratings Downgrades November 2, 2020 By Mark Hollmer American International Group’s plan to downsize by divesting its Life & Retirement (L&R) business is drawing cautious and wary reactions...
Update: COVID-19 Business Interruption Claims Take Center Stage in London Court Case July 20, 2020 By Lucca de Paoli and Benjamin Robertson UK financial regulators took aim at insurers’ attempts to compare the coronavirus lockdown to government warnings on cigarettes and alcohol,...
Safeco, Heritage Agree to Offer Renewals to AIG’s Upper Middle Market Clients June 30, 2020 American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage...
Global Insurers Pulled into Epicenter of COVID-19 Crisis, Firmly in Uncharted Territory June 10, 2020 By Lucca de Paoli, Katherine Chiglinsky and Benjamin Robertson Roger Federer and Rafael Nadal locked in spell-binding battle. Paul McCartney sharing a stage with Kendrick Lamar and Taylor Swift....
Insurers Zurich and Chubb Raise Cover for Canada Oil Sands Pipeline: Filings May 13, 2020 By Carolyn Cohn, Simon Jessop and Noor Zainab Hussain Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian...
AIG Launches Largest-Ever Syndicate at Lloyd’s, Operating in High Net Worth Sector May 4, 2020 American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will...
AIG Taps Hancock from Lloyd’s as CEO of International General Insurance February 27, 2020 American International Group Inc. announced that Jon Hancock has been appointed chief executive officer, International General Insurance. In this role,...
AIG to Sell Most of Fortitude Re to Carlyle, T&D Holdings for $1.8 Billion November 26, 2019 American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese...
Few Hong Kong Firms Have Riot Insurance so They’ll Be Paying for Protest Damages October 21, 2019 By Sumeet Chatterjee and Clare Jim Hong Kong’s businesses will likely foot the bill for vandalism inflicted over the past four months during the territory’s most...