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.
Tag: AIG
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.
AIG Buoyed by Higher Premiums on Business Insurance
AIG showed continued improvement in its core business-insurance operations, but a weaker and shrinking share of income from a life-insurance unit being divested kept its operating income relatively flat.
AIG Forms Private Client Select Insurance Services, An Independent MGA
American International Group today announced that it has finalized its agreement with funds managed by Stone Point Capital LLC to form Private Client Select Insurance Services, an independent Managing General Agency to serve High Net Worth and Ultra High Net Worth markets.
AIG and Stone Point Capital to Form Independent MGA to Serve HNW Markets
AIG has entered into an agreement with Stone Point Capital LLC, a leading private equity firm focused on investing in businesses within the global financial services industry, to form an independent MGA to serve High Net Worth and Ultra High Net Worth markets.