Articles

Insurance

Greenberg fails in latest attempt to sue federal government over AIG bailout

Hank Greenberg, the former chairman of American International Group (AIG) now the chairman and CEO of the Starr International, has failed in a bid to rekindle a long-standing lawsuit in which he is arguing that the federal government illegally bailed out AIG during the 2008 financial crisis at the expense of shareholders.   27 March 2018

Insurance

AIG merges Japanese divisions

American International Group (AIG) owned Japanese general insurance companies AIU and Fuji Fire and Marine have set their merger completion date to January 1, 2018 to form a new company that will start operating on a consolidated basis from April 1.   14 February 2017

Insurance

Markel appoints head of cyber in London from AIG

Specialist insurer Markel International has appointed Chris Burgess to head up its cyber team in London.   30 July 2019

Insurance

Marsh swoops on AIG, Aon talent to boost UK financial lines unit FINPRO

Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.   17 September 2019

Insurance

AIG UK underwrites Shariah-compliant warranty and indemnity policy

AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market.   19 October 2017

Insurance

Analysts positive on AIG-Validus deal

American International Group’s (AIG’s) plan to take over Bermuda-based Validus Holdings has triggered positive comments from market observers.   23 January 2018

Insurance

AIG expects up to $3.1bn cat loss for Q3

American International Group (AIG) said on Oct. 9 that it expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax).   10 October 2017

Insurance

AIG names former Marsh boss as global COO

American International Group (AIG) has appointed Peter Zaffino as executive vice president, global chief operating officer.   6 July 2017

Insurance

AIG rebrands tech unit acquired from Hamilton

American International Group (AIG) said on Oct. 30 that it rebranded its data technology subsidiary acquired from Hamilton in October.   31 October 2017

Insurance

Former Novae CFO joins AIG unit as head of reinsurance

American International Group (AIG) has appointed Charles Fry as head of reinsurance, operations and transformation, general insurance.   3 October 2017

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