AIG News
Insurer AIG Must Defend Bill Cosby Defamation Suits, Court Says
A federal appeals court says that insurer American International Group must pick up Bill Cosby's tab to fight defamation lawsuits brought by women who accused him of sexual misconduct. But the ruling ...
AIG Grows Presence in Pension Risk Transfer Market
American International Group is expanding its presence in the pension risk transfer market, spurred in part by the Trump tax cuts. "We are seeing significant opportunity in this market, driven by tax ...
Much More M&A Is Coming as Companies Seek Scale/Tech Advances: A.M. Best
Expect more property/casualty insurance and reinsurance M&A deals in the months ahead — particularly among smaller carriers — as companies continue seeking scale and technology to improve ...
Executives On The Move at AIG and The Hanover Insurance Group
AIG is bringing on a veteran executive from Zurich Insurance and Liberty Mutual to lead its China operations. The Hanover Insurance Group expanded its surety leadership team to support its growth in ...
Europe’s Fledgling Cyber Insurance Market Stands to Gain From New Privacy Rules
Data privacy rules coming into force this week are giving Europe's fledgling cyber insurance market a boost as they make companies more aware of the risks caused by customer information breaches. ...
‘007 Couldn’t Speed Up AIG Fix; Capital No Longer Ratings Differentiator: S&P
Even if James Bond were American International Group's chief executive instead of Brian Duperreault, he couldn't orchestrate a quick enough turnaround to prompt S&P to change the outlook on the ...
S&P’s Ratings, Negative Outlook for AIG Will Continue
S&P Global Ratings has affirmed its 'A+' insurer financial strength rating and 'BBB+' long- and 'A-2' short-term issuer credit ratings on American International Group Inc. (AIG), and its 'A+' ...
Exiting Arch Capital CFO Lyons Taking Chief Actuary Role at AIG; Morin To Fill Spot at Arch
American International Group announced Monday that Mark D. Lyons, who is currently the former chief financial officer of Arch Capital Group, Ltd. (ACGL), will become AIG's General Insurance chief ...