Commercial Lines
AIG Shareholders Have Yet to See Post-Bailout Financial Gains
Since its 2008 bailout, American International Group Inc. has delivered paydays for investment bankers, Warren Buffett and even departing executives. Shareholders? Not so much. AIG shares have lost ...
Executives On The Move at Beazley, BHSI, JLT and More
Specialist insurer Beazley hired two new executives for its U.S. environmental team. Berkshire Hathaway Specialty Insurance named a veteran executive to a position that covers the UK and Southern ...
As Global Ransomware Attack Slows, the Search Is on for Hackers, Motive
The global WannaCry ransomware cyber attack slowed on Monday, with no major infections reported, as global law enforcement agencies shifted their attention to finding the hackers who unleashed it. ...
New AIG CEO Brian Duperreault: ‘I Didn’t Come Here to Break the Company Up’
New American International Group President and CEO Brian Duperreault began his first full day on the job publicly repudiating the idea of splitting the struggling insurer into pieces and simply ...
For AIG, Recruiting Duperreault as CEO Was an Expensive Proposition
American International Group's decision to recruit Hamilton Insurance Group CEO Brian Duperreault as its next leader won't come cheap. To begin with, AIG will pay Hamilton $20 million to release ...
Hamilton USA Worth About $110M to AIG; Macia Will Remain as CEO After Sale
American International Group's plan to acquire Hamilton USA is worth about $110 million, and its existing leader will remain in place once the deal goes through. The purchase price amounts to ...
AIG, Hamilton, Two Sigma Sign Agreement to Expand Data-Driven Underwriting
American International Group, Hamilton Insurance and an independent affiliate of Two Sigma Investments signed a multifaceted agreement with an eye on boosting their use of data-driven underwriting on ...
Many European, Asian Firms Lack Cyber Insurance for Ransomware Attack
Many companies outside the United States may not have cover for a recent computer-system attack, leaving them potentially with millions of dollars of losses because there has been relatively little ...