News

Insurance

AIG-backed insurtech Azur uses augmented underwriting to combat inefficiencies

Azur, a managing digital agent (MDA) specialising in the UK's high net worth insurance market, has partnered with technology firm Logical Glue to implement algorithms that it said will enable better risk analysis in order to free up underwriters to focus on more complex risks and broker relationships.   9 May 2019

Insurance

Guy Carpenter hires AIG North America general insurance COO

The executive will join the company's global operations leadership team.   25 March 2020

Alternative Risk Transfer

Duperreault wants to use more ILS to reduce AIG volatility

American International Group (AIG) CEO Brian Duperreault is in the process of reducing volatility of the company’s portfolio and insurance-linked securities (ILS) capabilities acquired through the Validus takeover are expected to help to reach this goal.   6 September 2018

Insurance

Markel fortifies US and Bermuda bench with chief risk officer

Appointee brings Chubb and AIG chops to lead the agenda.   13 January 2026

Insurance

AIG carries reserve cushion first time since 2010

American International Group (AIG) is carrying a “modest” $17m excess reserve cushion, the first redundancy since 2010, according to Morgan Stanley research.   31 May 2018

Insurance

AIG profits dampened by nat cats in Q1

American International Group (AIG) reported a drop in net income to $938 million in the first quarter of 2018 from $1.2 billion in the same period a year ago as natural catastrophes impacted the results.   3 May 2018

Insurance

Duperreault starts to reshape AIG

American International Group (AIG) CEO Brian Duperreault makes his first major move to reshape AIG and position it for profitable growth.   22 January 2018

Insurance

Allianz brings AIG IGI CEO to take charge of global insurance lines

The insurer has refreshed its board of management following the departure of two key members.   25 September 2020

Insurance

Duperreault promises AIG is on the right track

American International Group (AIG) had a disappointing start to 2018 as results missed expectations and caused the share price to dive, but CEO Brian Duperreault promised during the May 3 first quarter 2018 results call that the company is on track to address the issues in general insurance and deliver double-digit return on equity (ROE).   9 May 2018

Insurance

AIG appoints Arch insurance chairman as Lexington CEO

American International Group (AIG) has appointed David McElroy as CEO of its surplus lines insurer Lexington Insurance Company.   2 August 2018

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