AIG

AIG to buy single Japan cat cover after $929mn in 3Q losses

AIG is restructuring its 1.1 Japan cat reinsurance programs after a third quarter which cost the insurance giant $929mn in net losses from the roll-call of cat events that hit the region.

AIG turns US casualty market in Q3

AIG has told its reinsurers it is successfully achieving rate increases across a giant swathe of its US casualty book in a strategy that is likely to be seen as supporting upwards pricing pressure in the broader market

AIG continues swooping for senior executives; appeals to QS reinsurers

AIG’s appointment of Talbot CEO Peter Bilsby yesterday to a new role of global head of specialty underscores the extraordinary migration of senior industry talent that has joined the firm in the last year.

AIG names Talbot’s Bilsby global head of specialty

AIG has appointed Talbot’s chief executive Peter Bilsby global head of specialty.

AIG shares dip after heavy Q3 cat loss estimate

AIG’s share price has fallen in early trading today but less than suggested from last night’s after market price following the publication of the company’s unexpectedly high Q3 loss bill.

AIG expects as much as $1.7bn in Q3 catastrophe losses

US insurance behemoth American International Group said it expects to report third quarter pre-tax catastrophe losses of as much as $1.5bn to $1.7bn from natural disasters including Hurricane Florence and typhoons Jebi and Trami.

AIG sues Kim Kardashian’s bodyguard for $6mn

AIG is attempting to recoup $6.1mn in losses from the former bodyguard of Kim Kardashian West.

Marsh appoints ex-AIG exec Tom Colraine to board

Marsh has appointed Tom Colraine as a non-executive independent member to its board of directors.

AIG signals change in program strategy with Glatfelter acquisition

American International Group (AIG) is to acquire Glatfelter Insurance Group, a Pennsylvania-based program manager and broker, in a sign that they are returning to the program space after a recent retrenchment under its previous management.

AIG sees 'a lot of runway' in ILS: Duperreault

There is major scope for AIG to build products for the insurance linked security (ILS) market, AIG’s president and chief executive officer Brian Duperreault has said.

After the storms... (comes the M&A surge...)

2017 will be remembered for the brutal roll-call of major cat events including Hurricanes Harvey, Irma and Marie as well as the wildfires in California.

Aspen releases Lillelund early to take up senior AIG post

Aspen Re’s departing CEO Thomas Lillelund will be free to attend a major gathering of senior AIG executives in New York later this week and will be released from his employment obligations almost nine months earlier than his maximum contractual terms, the Bermudian (re)Insurance group confirmed late last week.

Greenberg calls on China to 'level the playing field'

Former AIG patriarch and now head of the Starr Companies, Hank Greenberg, has called on China to reform its protectionist stance to overseas trade and investment arguing that it is the country’s own “interest to reform”.

AIG names new information boss

AIG has appointed John Repko as executive vice president and chief information officer.

Aspen Re poised to release CEO Lillelund early to join key client AIG

Aspen Insurance Holdings is not expected to hold its departing reinsurance head to his one-year notice period in order to help maintain good terms with its top-five client, AIG, re-Insurance.com understands.

AIG confirms return of Thomas Lillelund

AIG has confirmed it has snared Aspen Re’s CEO Thomas Lillelund, as revealed by re-Insurance.com..

AIG takes Zurich’s Wismer as deputy CFO

Insurance giant AIG Has hired Jonathan Wismer from rival Zurich to take on the role of deputy chief financial officer and head accountant.

AIG misses as restructuring costs and US losses hit profits

US behemoth AIG disappointed analysts in the second quarter as its North American insurance operation pushed the group to an underwriting loss and a $200mn restructuring charge weighed on the bottom line.