Cost of Norsk Hydro Cyber Attack Higher than Expected at Nearly $75 Million July 24, 2019 By Gwladys Fouche Aluminum producer Norsk Hydro has managed to ramp up operations at its Alunorte refinery in Brazil despite a cyber attack...
Ex-AIG Employees, Seeking Back-Bonuses of $100M, Win British Court Ruling June 26, 2019 By Jonathan Browning A group of former traders and managers at American International Group Inc. won a London judge’s backing in their battle...
2 Ex-AIG Employees Win $10M in France, Ahead of Separate $100M Bonus Case in UK June 21, 2019 By Gaspard Sebag and Jonathan Browning Two former American International Group Inc. employees won awards totaling about $10 million after French judges chastised the insurance giant...
QBE’s Zortman Joins AIG to Lead Private Client Group April 5, 2019 American International Group said Kathleen Zortman will join the company as president and chief executive officer of Private Client Group,...
AIG Exits Individual Personal Lines Business in Canada March 29, 2019 By L.S. Howard American International Group (AIG) has decided to stop underwriting new policies in its individual personal insurance lines of business in...
Luxembourg Attracts 50 Firms for Their Post-Brexit EU Headquarters March 12, 2019 By Jones Hayden Luxembourg said it is “very pleased” that about 50 asset managers, insurers, and other financial firms have looked to the...
AIG Sells Entire Stake in China’s PICC Group at a Discount February 28, 2019 By Crystal Tse American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its...
Aviva Gets Court Approval to Move Assets to Ireland as Part of Wider Brexit Wave February 20, 2019 By Huw Jones, Simon Jessop and Carolyn Cohn England’s High Court on Tuesday gave Aviva, Britain’s second largest insurer, approval to transfer around 9 billion pounds ($11.69 billion)...
AIG Reports Q4 Loss on Catastrophes, Lower Investment Returns February 13, 2019 By Suzanne Barlyn American International Group Inc. on Wednesday reported a quarterly loss as the insurer was hit with catastrophe losses and made...
Global Regulators Delay, Rethink ‘Too-Big-to-Fail’ Designation for Insurers November 15, 2018 By Huw Jones Global insurance regulators will put off singling out insurers deemed so important to the financial system that they are required...