Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Dellwood Insurance Files to Dismiss ‘Insufficient’ Case Brought by AIG
Jun 27 2024 // Dellwood Insurance Group has filed to dismiss a lawsuit against it by American International Group, who is using the court system “as a cudgel to crush a fledgling startup,” the new surplus insurer...
Zurich to Buy AIG’s Travel Insurance Business for $600 Million
Jun 26 2024 // Zurich early Wednesday said it is purchasing the global personal travel insurance business of American International Group (AIG) for $600 million. The deal, according to Zurich, may include an additional payment if...
US E&S Growth Slower in 2023; Berkshire, AIG Top Premium Rankings
Jun 13 2024 // An analysis by S&P Global Market Intelligence reveals that the pace of growth in the U.S. excess and surplus lines market has slowed since a peak growth rate of 32.3% recorded in 2021. In 2023, growth remained...
AIG a ‘Different Company’ Poised to Grow in E&S and More: CEO Zaffino
Jun 3 2024 // AIG is “a different company” today than it was when CEO Peter Zaffino joined the company in 2017, but like the old AIG, the new one is poised to grow again, he said. The former executive of Marsh, who recalled...
AIG Drops Claims Against Former Execs Who Started Dellwood Insurance
May 31 2024 // American International Group and a group of its excess and surplus lines subsidiaries have dropped claims against three former AIG executives who launched Dellwood Insurance Group but its claims against the E&S lines...
People Moves: TMPAA Names Abbey New Executive Director; AIG Appoints Browne Global Head of Specialty
May 23 2024 // Gordon Browne American International Group, Inc., headquartered in New York, appointed Gordon Browne as global head of specialty, effective June 11. Browne will serve on the international insurance leadership team. Browne...
AIG Profit Exceeds Expectations on Lower Catastrophe Losses
May 2 2024 // American International Group Inc. (AIG) reported profit above analysts’ estimates in the first quarter as lower-than-expected catastrophe losses contributed to strong underwriting results. Adjusted earnings for the...
AIG General Insurance Chairman McElroy to Retire May 1
Apr 22 2024 // American International Group (AIG) today announced a top executive will retire in less than two weeks. David McElroy will retire from AIG on May 1. “Mr. McElroy has agreed with AIG to accelerate his retirement date...
People Moves: AEGIS London Hires AIG’s Johnson and Lambert for New Cyber Underwriting Team; Markel Promotes Gordge to Head of Terrorism in London
Apr 19 2024 // This edition of International People Moves details appointments at Lloyd’s syndicate AEGIS London and Markel, the insurance operations within Markel Group. A summary of these new hires follows here. AEGIS London...
AIG Sues Newly Launched Dellwood Insurance and Its Founders
Apr 15 2024 // American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance...
People Moves: HSB Canada Appoints Bellissimo as President and CEO; Canopius Taps Lee From AIG as CEO, Asia-Pacific & MENA
Apr 4 2024 // This edition of International People Moves details appointments at HSB Canada and Canopius Group. A summary of these new hires follows here. HSB Canada announced the appointment of Barbara Bellissimo as president and chief...
AIG Sues Newly Launched Dellwood Insurance and Its Founders
Apr 3 2024 // American International Group and a group of its excess and surplus lines subsidiaries have filed suit against Dellwood Insurance Group and three former AIG executives who launched the nationwide E&S lines insurance...
Former AIG Execs Launch E&S Company Dellwood Group for Small/Middle Sized Risks
Mar 8 2024 // Two former executives with American International Group (AIG) have launched a nationwide excess and surplus lines (E&S) insurance holding company. Michael Price and Kean Driscoll announced the formation of Dellwood...
AIG General Insurance Q4 Income Up 19% on Underwriting, Investments
Feb 14 2024 // American International Group (AIG) during the fourth quarter 2023 recorded underwriting income of $642 million within its General Insurance segment — a slight increase from $635 million during the same quarter the prior...
People Moves: Inglis Elected to AIG’s Board of Directors; DUAL North America Names Sherry Head of Transactional Risk
Feb 9 2024 // Inglis Elected to AIG’s Board of Directors The board of directors at American International Group, Inc., headquartered in New York, elected John (Chris) Inglis as an independent Director, effective March 1. Inglis is...
People Moves: Coalition Nabs AIG’s Jones as Head of Global Claims
Jan 25 2024 // Robert Jones has joined Coalition as the head of global claims. He will step into the role Feb. 5. Jones previously spent 32 years at AIG where he most recently served as the executive vice president of financial lines,...
People Moves: Gallagher Taps AIG’s Loesti as Chief Commercial Officer of European Broking; QBE Re Promotes 3 Global Product Heads in New York, London
Jan 5 2024 // Gallagher Taps AIG’s Loesti as Chief Commercial Officer, European Broking Nepomuk (Nepo) Loesti has joined Gallagher as chief commercial officer of its European broking operations. The newly created role will support...
Insurer AIG Leads Policy for Japan Airlines Plane Involved in Runway Collision: Sources
Jan 3 2024 // U.S. insurer AIG was the lead insurer on a $130 million “all-risks” policy for the Japan Airlines airplane which collided with another plane at Tokyo’s Haneda airport, two insurance industry sources said...
People Moves: Aon Promotes Clarke as Head of Renewables, Global Broking Centre & UK; Markel Hires AIG’s Meek to Lead Cyber Portfolio in Middle East, North Africa
Dec 5 2023 // This edition of International People Moves details appointments at Aon and Markel. A summary of these new hires follows here. Aon Promotes Clarke to Head of Renewables, Global Broking Centre & UK Insurance broker Aon...
People Moves: Ryan Specialty Appoints Nash President of CorRisk Solutions; Dunne Joins AIG Board of Directors
Dec 4 2023 // Ryan Specialty appointed Thomas Nash as president of CorRisk Solutions, the wholesale distribution professional liability managing general underwriter, a part of Ryan Specialty Underwriting Managers. CorRisk is...
