Insurers Begin to Offer Cryptocurrency Theft Cover, Tackling Risks of Growing Sector February 1, 2018 By Suzanne Barlyn Major global insurers are starting to offer protection against cryptocurrency theft, willing to tackle daunting challenges it brings rather than...
AIG to Buy Bermuda Reinsurer Validus for $5.6B in Cash, Reversing Retrenchment January 22, 2018 By Katherine Chiglinsky, Sonali Basak and Dinesh Nair Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company...
AIG Taps Barron from PwC as Head of International Government Affairs January 19, 2018 American International Group (AIG) announced that Ed Barron will join the company as head of International Government Affairs, effective March...
Minnesota Settles with 13th Life Insurance Company Over Unpaid Claims November 20, 2017 The Minnesota Commerce Department has reached a settlement agreement with a major life insurance company that owed money to Minnesotans...
AIG Names MetLife’s Townsend as CEO, International General Insurance October 31, 2017 American International Group (AIG) announced that Chris Townsend will join the company as chief executive officer, International General Insurance. In...
AIG UK Sells Its 1st Sharia-Compliant M&A Policy in London October 19, 2017 AIG UK said on Thursday it had underwritten its first sharia-compliant warranty and indemnity policy out of London’s M&A insurance...
AIG to Sell Medical Stop-Loss Operations to Tokio Marine HCC October 4, 2017 Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial...
Growing List of Re/Insurers Make Decisions on Post-Brexit EU Headquarters October 3, 2017 Everest Re Group Ltd. has said its Dublin-based unit has received approval from the Central Bank of Ireland to become...
Banks Seek More Insurance Protection Against Cyber Attacks, Rogue Traders August 30, 2017 By Carolyn Cohn Banks are increasingly turning to insurance to protect their capital from “operational risks” like cyber attacks and rogue traders, and...
Demand for Cyber Insurance in China Expected to Rise After WannaCry Attack: AIG August 9, 2017 By Julie Zhu Demand for cyber insurance from firms in Greater China and elsewhere in Asia is poised to soar, based on inquiries...