News

Insurance

RenRe produces $1bn turnaround as it celebrates Validus Re purchase

The re/insurer reported a $194m profit compared to a $825m loss in Q3 2022.   2 November 2023

Insurance

AIG reports $6.7bn Q4 loss due to US tax reform

American International Group (AIG) reported a net loss of $6.66 billion for the fourth quarter of 2017, compared to a net loss of $3.04 billion in the prior-year quarter.   9 February 2018

Insurance

Greenberg fails in latest attempt to sue federal government over AIG bailout

Hank Greenberg, the former chairman of American International Group (AIG) now the chairman and CEO of the Starr International, has failed in a bid to rekindle a long-standing lawsuit in which he is arguing that the federal government illegally bailed out AIG during the 2008 financial crisis at the expense of shareholders.   27 March 2018

Insurance

AIG merges Japanese divisions

American International Group (AIG) owned Japanese general insurance companies AIU and Fuji Fire and Marine have set their merger completion date to January 1, 2018 to form a new company that will start operating on a consolidated basis from April 1.   14 February 2017

Insurance

Markel appoints head of cyber in London from AIG

Specialist insurer Markel International has appointed Chris Burgess to head up its cyber team in London.   30 July 2019

Insurance

Marsh swoops on AIG, Aon talent to boost UK financial lines unit FINPRO

Broker Marsh has made two senior hires from AIG and Aon to strengthen its UK financial & professional (FINPRO) practice within Marsh JLT Specialty.   17 September 2019

Insurance

AIG UK underwrites Shariah-compliant warranty and indemnity policy

AIG UK said on Oct. 19 that it has underwritten the first Shariah-compliant warranty and indemnity (W&I) insurance policy issued in the London M&A insurance market.   19 October 2017

Insurance

Analysts positive on AIG-Validus deal

American International Group’s (AIG’s) plan to take over Bermuda-based Validus Holdings has triggered positive comments from market observers.   23 January 2018

Insurance

AIG expects up to $3.1bn cat loss for Q3

American International Group (AIG) said on Oct. 9 that it expects to report third quarter 2017 pre-tax catastrophe losses net of reinsurance of $2.9 billion to $3.1 billion ($1.9 billion to $2.0 billion after-tax).   10 October 2017

Insurance

CFC to install Aspen veteran as CEO of US business in 2026

Chief executive steps in to drive growth after stints at Aspen, Liberty Mutual and AIG.   19 December 2025

Not finding what you're looking for, please try resetting your applied search and filters,
or try the full site search.