Articles

Insurance

AIG needs to regain investor confidence after cat losses: Morgan Stanley

Following multiple quarters of missed earnings, American International Group’s (AIG’s) large third quarter cat losses will further weigh on investor sentiment, Morgan Stanley said in a note.   20 October 2018

Insurance

Norway's Norsk Hydro cyber attack losses estimated at $40m; AIG named as lead insurer

Norwegian aluminium and renewable energy company Norsk Hydro, which suffered a severe ransomware attack last week, has estimated that total losses from the incident have already reached 300-350 Norwegian crowns (nearly $40 million).   27 March 2019

Insurance

AIG sells 20% in DSA Re to Carlyle in strategic partnership deal

American International Group (AIG) is selling 19.9 percent of its legacy portfolio DSA Re to private equity firm The Carlyle Group.   1 August 2018

Insurance

AIG losses more than double in Europe in 2017

AIG Europe reported a pre-tax loss of £431.5 million for 2017 (ending Nov. 30, 2017) after a negative £171.1 million in the 2016 financial year.   18 May 2018

Insurance

HDI Global seeks African expansion with new managing director from AIG

The industrial insurer has appointed a new leader for its South African subsidiary HDI Global SA.   30 April 2020

Insurance

AIG sells $502.5m in Arch shares

AIG is selling 5,674,200 shares in Arch Capital Group with a total value of $502.5 million.   13 March 2018

Insurance

Insurtech C-Quence hires from Chubb and AIG to grow commercial lines

C-Quence, a new insurtech managing general agent (MGA) with a commercial insurance trading and underwriting platform, has strengthened its underwriting team with senior hires from Chubb and AIG.   15 February 2019

Insurance

AIG claims no material warning signs on reserves

American International Group (AIG) has reviewed reserves throughout “the course of the year” with no material warning signs coming to light, Morgan Stanley analysts were told at the annual Association of Insurance and Financial Analysts (AIFA) conference.   8 March 2018

Insurance

AIG buys life specialist Ellipse from Munich Re

American International Group (AIG) is acquiring Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re.   20 June 2018

Insurance

AIG acquires US broker Glatfelter to strengthen general insurance unit

American International Group (AIG) is acquiring Glatfelter Insurance Group (Glatfelter), a full-service broker and insurance company providing services for specialty programmes and retail operations.   21 September 2018

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