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.
Tag: AIG
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.
AIG Chief Zaffino: Casualty Lines Hit by Inflation and Competition
Economic and social inflation are impacting casualty lines in the market, particularly financial lines, as American International Group Inc. moved forward with several divestitures to sharpen its focus on general insurance, said its chief executive officer.
RenaissanceRe Completes Acquisition of Validus Re
RenaissanceRe Holdings Ltd. today announced that it has concluded its acquisition of Validus Re, the treaty reinsurance business of American International Group, Inc. (AIG).
AIG CEO Sees Pandemic, Wars, Climate Change Among Biggest Risks
AIG Chief Executive Officer Peter Zaffino said the biggest challenge to the insurance sector over the last decade has been “unpredictable risks” including the pandemic, wars and climate change.
Missouri-Based A.I.G Agency and Insurance Giant AIG Trademark Jury Trial Set for January 2024
Two insurance-related companies claim the name “AIG.” A.I.G Agency is a family-owned insurance broker in Missouri, and claims to have begun calling itself “AIG” around 1958.
AIG Profit Beats Estimates on Gains in Life and Retirement Unit
American International Group exceeded second-quarter profit expectations on Tuesday, driven by growth at its life and retirement unit and lower-than-expected catastrophe losses in what was a very expensive quarter for the industry.
Two More Property Insurers Scaling Back Coverage in Florida
Florida homeowners have fewer options for property insurance. Just two weeks into hurricane season, The Farmers Group and AIG say they’re scaling back policy coverage.
AIG to Sell Validus Re to RenaissanceRe for $2.99B
American International Group today announced that it has entered into a definitive agreement to sell Validus Re, including AlphaCat and the Talbot Treaty reinsurance business, to RenaissanceRe Holdings Ltd. for $2.985 billion.