News

Insurance

Third Point Re confirms Malloy as CEO; adds ex-AIG CFO to board

Bermuda-based Third Point Re has affirmed Daniel Malloy as its chief executive officer (CEO) and appointed former AIG chief financial Officer Sid Sankaran to its board of directors.   8 August 2019

Insurance

Validus reports Q1 loss as it is acquired by AIG

Bermuda-based Validus Holdings reported a net loss of $4.1 million for the first quarter of 2018 after a net income of $94.6 million in the same period of 2017.   2 May 2018

Insurance

AIG said to be selling $2bn death benefits portfolio

American International Group (AIG) wants to sell a $2 billion portfolio of life settlements that would pay out when sick or elderly customers die, Reuters reported on Aug. 15 citing two people familiar with the matter.   16 August 2017

Insurance

AIG capitalisation and Duperreault reassure AM Best

Ratings agency AM Best has removed American International Group (AIG) from ‘under review with negative implications’ and affirmed its Long-Term Issuer Credit Rating (Long-Term ICR) after analysing recent actions taken by the US insurers.   24 May 2017

Insurance

AIG rebrands SunAmerica Mutual Funds

The American International Group (AIG) has rebranded its retail mutual funds arm SunAmerica Mutual Funds to AIG Funds, effective February-end.   12 January 2017

Insurance

AIG not expected to post large reserve charges in Q1

American International Group is not expected to report large reserve charges when it posts 2018 first quarter results on May 2 despite a differing liability assessment with Berkshire Hathaway, according to Morgan Stanley analysts.   1 May 2018

Insurance

AIG expects double-digit P&C rate increases, $500m California wildfire hit

American International Group (AIG) expects double-digit rate increases across the property market while the costs of the California wildfires are estimated at around $500 million before taxes.   6 November 2017

Insurance

S&P revises AIG rating outlook to negative

S&P Global Ratings said June 6 that it revised its rating outlook on global multiline insurer American International Group (AIG) to negative from stable.   7 June 2017

Insurance

AIG, Travelers seen among potential acquirers in P&C sector

Heightening merger and acquisition (M&A) activities and rising pricing are tailwinds to P&C stocks, according to Morgan Stanley analysts.   2 March 2018

Insurance

Liberty Specialty Markets appoints head of financial lines France from AIG

Liberty Specialty Markets (LSM), part of Liberty Mutual Insurance Group, has appointed Antoine Brodu as head of financial lines, France.   29 August 2019

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