Latest AIG Headlines

All the headlines from our AIG Topic Page, ordered by recency.

Former Ironshore, Lexington CEO Kelley to Retire at Year’s End from Liberty Mutual

Nov 22 2019 // Liberty Mutual Insurance today announced that long-time industry leader Kevin H. Kelley, vice chairman, Global Risk Solutions, will retire at the end of this year.In 2017, Kelley joined Liberty Mutual following the...

AIG’s Marshall Joins CFC as Transaction Liability Practice Leader

Nov 19 2019 // Specialty insurer CFC has appointed Angus Marshall as its Transaction Liability practice leader. Marshall joins CFC from American International Group where he led the UK and London Market mergers and acquisitions (M&A)...

AIG Names Barrett to Head Multinational, General Insurance

Nov 19 2019 // American International Group has appointed Allison Barrett as global head of Multinational, General Insurance. In this new role, Barrett will drive General Insurance’s multinational strategic plan and lead the...

Alabama Court Allows Workers Comp Suit Against AIG, Coventry

Nov 18 2019 // An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought...

Alabama Court Gives Go Ahead to Workers Comp Suit Against AIG, Coventry

Nov 4 2019 // An Alabama appellate court has cleared the way for a lawsuit that alleges outrageous and fraudulent conduct by American International Group and Coventry against a worker who was injured in an explosion and sought...

AIG’s P/C Underwriting Results for Q3 Hit by Catastrophes But Not as Badly as Year Ago

Nov 1 2019 // Catastrophe losses prevented American International Group from having a third quarter in a row of property/casualty underwriting profit this year, following many years of losses.AIG said that its General Insurance unit...

SEC Investigating Valic, AIG’s Teacher Retirement Plan Unit, Reports WSJ

Oct 29 2019 // The U.S. Securities and Exchange Commission is probing sales and disclosure practices at Valic, a unit of U.S. insurer American International Group Inc, the Wall Street Journal reported on Tuesday, citing sources familiar...

AIG Expanding at Lloyd’s With New Unit for U.S. High-Net Worth Market

Oct 28 2019 // American International Group Inc. is ramping up its bet on the wealthiest Americans with a new push to offer policies through the Lloyd’s of London marketplace and write as much as $1 billion in gross premiums.AIG...

AIG Could Become Involved in Defamation Claim Against ‘Illiquid’ Elon Musk

Oct 16 2019 // Insurance giant American International Group Inc. may get wrapped up in a defamation case involving billionaire Elon Musk, who has told lawyers representing the British cave diver suing him that he’s financially...

Cybersecurity Awareness Month: Time to Close the Cyber Coverage Gaps

Oct 8 2019 // As Cybersecurity Awareness Month is underway, it may be time for businesses – especially small- or mid-sized firms – to assess their understanding of current cyber risks and whether they’re adequately covered...

Surplus Lines Premium Grows in Response to Weak Results; Top 15 E&S Writers: Fitch

Oct 7 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...

Strong E&S Premium Growth in Response to Weak Results; Top 15 E&S Writers: Fitch

Sep 30 2019 // Direct written premiums in the U.S. excess and surplus (E&S) lines market during 2018 grew at its greatest rate since 2012, increasing 11% and representing the eighth consecutive year of premium growth, according to...

AIG Taps Eccles from Argo, Langdon from Chubb for Senior Global Specialty Roles

Sep 26 2019 // American International Group, Inc. announced the appointment of two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of Aerospace, General Insurance. James Langdon will join AIG as...

BHSI Taps Executives from AIG and AXA XL as Claims & Product Line Leaders in France

Sep 19 2019 // Berkshire Hathaway Specialty Insurance (BHSI) announced it has expanded its leadership team in France, naming Katell Pouliquen as head of Claims, Louis du Ché as head of Property and Ludovic Ruiller as head of...

Marsh Taps AIG’s Manson, Aon’s Mills for U.K. Mgmt Liability, Wholesale Placement Roles

Sep 17 2019 // Marsh, the insurance broker and risk adviser, announced the appointments of Stephanie Pestorich Manson as chief client officer for Management Liability and head of Directors’ & Officers’ (D&O) Product...

Hardening Markets, Social Inflation, E&S Business: Berkley, AIG Execs Face Analysts

Sep 13 2019 // The commercial general liability line will be the next property/casualty line to harden, the chief executive of W.R. Berkley Corp. predicted at an industry conference.Speaking at the Keefe, Bruyette & Woods Insurance...

Marsh’s Ellis Joins AIG to Head Retail Property

Sep 4 2019 // American International Group has appointed Duncan Ellis as head of Retail Property, North America General Insurance.The company said Ellis will lead General Insurance’s North American Retail Property business and...

AIG’s Su Joins AXA XL as Underwriting Lead for Structured Risk Solutions

Sep 4 2019 // AXA XL, the property/casualty and specialty risk division of AXA, has named Austin Su as U.S. Underwriting Lead of its Structured Risk Solutions (SRS) business. Based in New York, Su joins SRS’ growing global...

People & Places

Sep 2 2019 // Reinsurance broker BMS Group has named Pete Chandler as president of its U.S. reinsurance operations. Chandler joins from JLT Re, where he was deputy CEO of the U.S. reinsurance broking arm of the group. He joined JLT Re...

How Insurers Help Design High-End Homes That Mitigate Disaster Risk

Aug 30 2019 // Bruce Gendelman wanted a mountainside retreat when he bought 12 acres in Aspen, Colorado. But forest fires that have torched nearby land in recent years left him concerned.So Gendelman, who runs an insurance brokerage,...