London’s High Court has ruled that insurers must honor claims under war-risk policies for 147 aircraft and 16 engines valued at $4.5 billion, retained by Russia following its 2022 invasion of Ukraine.
Tag: AIG
AIG Reports Strong Start to 2025 With Robust Premium Growth and Capital Returns
Despite elevated catastrophe losses in the quarter, AIG delivered results that reflect the effectiveness of its strategic reinsurance program and operational strength across global markets.
AIG Appoints Ray Hall as Head of Western World
American International Group, Inc. has announced that Ray Hall has been appointed Head of Western World, effective immediately. In his new role, Hall will report directly to Lou Levinson, President and Chief Executive Officer of Lexington Insurance, an AIG company.
AIG Elects Juan Perez to its Board of Directors
American International Group, Inc. — AIG — today announced that Juan Perez, Executive Vice President and Chief Information Officer (CIO) of Salesforce, has been elected to its Board of Directors as an independent Director, effective immediately.
AIG Finalizes Sale of Travel Guard® to Zurich Insurance Group
American International Group, Inc. (AIG) has completed the sale of its global personal travel insurance and assistance business, including the Travel Guard® brand, to Zurich Insurance Group.
AIG Appoints Keith Walsh Executive Vice President, Chief Financial Officer
American International Group, Inc. (AIG) has announced that Keith Walsh will join the company as Executive Vice President, Chief Financial Officer, effective October 21, 2024.
2024 U.S. E&S Market Continues to Grow, But At a Slower Place
The US excess and surplus market (E&S) market continues to grow at a robust rate; however, the yearly pace of growth has slowed, according to an analysis by S&P Global Market Intelligence.
Former AIG Exes Launch Dellwood with Over $250M in Capital
Former AIG executives Michael Price and Kean Driscoll announced the formation of Dellwood Insurance Group, a new nationwide excess and surplus lines insurance holding company dedicated exclusively to wholesale brokers with an emphasis on small and middle enterprise risks.
AIG ‘Significantly Improved’ Property Cat Structure and Reinsurance at 1.1 Renewals: CEO Zaffino
Global insurer AIG was able to “significantly improve” its property catastrophe structure and reinsurance coverage provided at the key January 1st, 2024, reinsurance renewals.
Japan Airlines Expects $105M Loss from Collision, AIG Reported as Lead Insurer on Aviation Policy
Insurance industry sources have told Reuters that AIG is the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airbus 350 that was destroyed in a collision with a Japan Coast Guard plane at Tokyo’s Haneda airport on Tuesday.