Articles

Insurance

AIG in $2.5bn debt raise as it acquires Validus

American International Group (AIG) is raising $2.5 billion in debt as it prepares the funding for the acquisition of Bermuda-based Validus Holdings.   22 March 2018

Insurance

Berkshire's BHSI expands France leadership with AIG, AXA XL hires

Berkshire Hathaway Specialty Insurance (BHSI) has expanded its leadership team in France with the appointment of Katell Pouliquen as head of claims, Louis du Ché as head of property, and Ludovic Ruiller as head of environmental.   19 September 2019

Insurance

Arch CFO returns to AIG as chief actuary for general insurance

American International Group (AIG) has rehired Mark Lyons as senior vice president and chief actuary, general insurance.   15 May 2018

Insurance

Reinsurance and Lloyd’s drive AIG to acquire Validus

American International Group (AIG) is taking over Validus in order to diversify the business into reinsurance and to add a Lloyd’s syndicate, management suggested in a Jan. 22 conference call discussing the deal.   22 January 2018

Insurance

AIG appoints new general counsel following retirement

American International Group (AIG) has appointed Lucy Fato as executive vice president and general counsel, responsible for overseeing the company's global legal, compliance, regulatory and government affairs function.   6 September 2017

Insurance

RenRe produces $1bn turnaround as it celebrates Validus Re purchase

The re/insurer reported a $194m profit compared to a $825m loss in Q3 2022.   2 November 2023

Insurance

AIG hires general insurance CEO international from MetLife

American International Group (AIG) said on Oct. 30 that it appointed Chris Townsend as CEO international general insurance.   31 October 2017

Insurance

AIG-backed Azur launches new car insurance offering

Azur, a managing digital agent (MDA) specialising in the UK’s high net worth insurance market, has launched a new insurance product designed for car collectors.   1 March 2018

Insurance

Cyber and D&O now interlinked: whitepaper by Airmic, Marsh, AIG

Cyber insurance and directors’ and officers’ (D&O) liability insurance go hand in hand now that company business models increasingly revolve around technology, according to a white paper published by Airmic with support from Marsh and AIG.   5 November 2018

Insurance

AIG reports $6.7bn Q4 loss due to US tax reform

American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter.   9 February 2018

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