All the headlines from our AIG Topic Page, ordered by recency.
Jan 11 2009 // Jim Johnstone has joined Westbrook, Conn.-based The Gowrie Group of Cos. as a producer in the Boat/Yacht department. Jim brings deep marine and sailing industry expertise that will enable Gowrie to broaden its reach into...
Jan 11 2009 // There are several near-constants in an insurance editor’s life when a new year rolls around. There’s the inevitable mistake of putting last year’s date on this week’s article. There’s the...
Jan 11 2009 // Industry analysts are predicting insured losses from the Freeway Complex, Sayre and Tea Fires that burned Southern California in mid-November will range from $600 million to $800 million, as of estimates gathered in early...
Jan 11 2009 // There are several near-constants in an insurance editor’s life when a new year rolls around. There’s the inevitable mistake of putting last year’s date on this month’s article. There’s the...
Jan 11 2009 // The calendar pages have turned and it’s already 2009. Geez. Well, we can’t do anything about the years going by, after all it’s better than the alternative. But we can look forward certainly, to more,...
Jan 11 2009 // There are several near-constants in an insurance editor’s life when a new year rolls around. There’s the inevitable mistake of putting last year’s date on this week’s article. There’s the...
Jan 8 2009 // American International Group Inc., the insurer getting a $152 billion federal bailout, said Wednesday that senior executives will not be given a $3 million payment that was to have been distributed by April.In a filing...
Jan 6 2009 // Bermuda-based Ironshore Inc. announced that Joe Boren and John O’Brien have joined as CEO and president, respectively, of its newly established Environmental Insurance facility.The company said the new unit will...
Jan 6 2009 // AIG has named Russell Johnston as president and CEO of AIG Environmental, a unit of AIG Commercial Insurance. Johnston assumes management responsibility for AIG Environmental from Joseph Boren, who has left the company to...
Jan 6 2009 // AIG Commercial Insurance will service all casualty insurance coverage for the public sector through its Lexington Insurance Co., the insurer announced. Specifically, effective as of Jan. 1, 2009, Lexington’s Casualty...
Jan 5 2009 // 2008 can be described as a year like no other in the property/casualty insurance world. This year we saw the near death of the world’s largest and most successful insurance company, AIG. The soft market continued to...
Dec 31 2008 // Former AIG chief executive Robert Willumstad will forego stock awards he was granted as part of his agreement to step into the insurer’s top post last June, the company said in a regulatory filing on...
Dec 29 2008 // American International Group says it purchased $16 billion of complex financial instruments in an effort to reduce its exposure to insurance guarantees written against the instruments. The insurer bought investments known...
Dec 23 2008 // Swiss insurer Zurich Financial Services Group, a serial acquirer in recent years, is not letting tighter credit markets hamper its pursuit of acquisitions, a company executive said on Monday.“Zurich is definitely in...
Dec 22 2008 // Navigators Management Co. has established Navigators Environmental, a new business unit that will focus on underwriting specialized environmental insurance products on a global basis.Adrien Robinson has joined Navigators...
Dec 21 2008 // “You always find out who’s been swimming naked when the tide goes out. We found out that Wall Street has been kind of a nudist beach.” —Warren Buffett on the credit crisis“As a strong supporter of...
Dec 21 2008 // 2008 can be described as a year like no other in the property/casualty insurance world. This year, the industry witnessed the near death of the world’s largest and most successful insurance company, AIG. The soft...
Dec 21 2008 // Buyers that aren’t buying; houses that aren’t selling, banks that aren’t lending — sound familiar? But in this case it’s the United Kingdom that we’re talking about, not the United...
Dec 19 2008 // A Delaware judge has approved a $115 million settlement in a shareholder lawsuit against former executives of insurance giant American International Group. The settlement approved this week was reached in September, just...
Dec 17 2008 // A Michigan man is challenging the government’s bailout of American International Group Inc., claiming the move is illegal because the insurer has financial products that promote Islam and are anti-Christian.The...