Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Greenberg Denies Getting Involved in Details of Reinsurance Deals
Oct 6 2016 // Maurice “Hank” Greenberg told a judge that he was just too busy to commit fraud. After 4 1/2 days of intense questioning by a government lawyer, Greenberg finally got to elaborate on his defense to civil fraud...
Former XL, AIG Executive Maag Joins Hamilton Insurance as CEO for U.S.
Oct 4 2016 // Former American International Group and XL executive Seraina Maag is joining Bermuda-based Hamilton Insurance Group as chief executive officer of Hamilton USA, the insurer’s platform for the U.S. Reporting to...
AIG Exiting Home, Personal Accident, Group Life In Brazil; Porto Seguro to Get Auto Policies
Oct 4 2016 // American International Group Inc.’s business in Brazil agreed to transfer about 25,000 auto policies to a unit of Porto Seguro SA as the U.S. company scales back its international businesses. The deal is subject to...
Hamilton, AIG, Two Sigma Small Business Platform to Launch Q4
Oct 3 2016 // American International Group Inc., Hamilton Insurance Group Ltd. and affiliates of Two Sigma Investments plan to launch Attune, a technology-enabled platform to serve the $80 billion U.S. small to medium-sized enterprise...
JPMorgan’s Tamassia Joins AIG as Chief Enterprise Architect
Oct 3 2016 // Hugh Tamassia is joining American International Group Inc. as chief enterprise architect with responsibility for designing an enterprise architecture to effectively drive AIG’s information technology priorities and...
Argo Group Names AIG’s Hernandez to Lead International Business
Sep 30 2016 // Bermuda-based specialty insurer Argo Group International Holdings announced the appointment of Jose A. Hernandez to lead the company’s international business, which includes all insurance and reinsurance operations...
Greenberg: Managers’ Concerns Fueled Auto Warranty Reinsurance Deal
Sep 30 2016 // Less than an hour into the third day of testimony in the fraud trial of former American International Group Inc. Chairman Maurice “Hank” Greenberg, the judge took the reins. New York State Supreme Court Justice...
Greenberg Pressed for Details on Auto-Warranty Program in Reinsurance Trial
Sep 29 2016 // A New York state court judge warned Maurice “Hank” Greenberg, the 91-year-old former chairman of American International Group Inc., that his fraud trial might last a year unless he answered questions more...
Ex-AIG CEO Greenberg Testifies in Reinsurance Trial
Sep 27 2016 // Former American International Group Inc. Chairman Maurice “Hank” Greenberg says he got personally involved in an “insignificant” business deal at the insurance giant 18 years ago to teach some...
AF Group Names AIG’s Kuss as Sr. VP, Chief Claims Officer
Sep 21 2016 // AF Group, based in Lansing, Michigan, hired Jeff Kuss as senior vice president and chief claims officer. Kuss will lead a team responsible for claims administration, investigative services, medical management, large loss,...
How Competition Brings Out E&S Market’s Creativity
Sep 19 2016 // Emerging risks or traditional lines, innovation makes the difference The surplus lines market is eyeing another year of solid results for 2015. At press time, the final figures for 2015 surplus lines had yet to be released...
AIG Selling Stake in Ascot Lloyd’s Syndicate; Will Keep Bermuda, Reinsurance Ties
Sep 16 2016 // American International Group Inc. has agreed to sell its interest in Ascot Underwriting Holdings Ltd. (AUHL) and related syndicate-funding subsidiary Ascot Corporate Name Ltd. to Canada Pension Plan Investment Board...
Greenberg’s Lawyer Says Reinsurance Charges Built on ‘Hearsay and Speculation’
Sep 15 2016 // The state pressed on for more than a decade with civil fraud claims against a 91-year-old former chief executive of insurance company American International Group Inc. as a warning to other executives that wrongdoing...
11 Years After Spitzer Sued, Greenberg’s Trial Over Reinsurance Begins
Sep 14 2016 // It’s a day of reckoning — or the moment of truth — for former American International Group Inc. head Maurice “Hank” Greenberg. More than 11 years after he was sued by former New York Attorney...
AIG Commercial Lines CEO Schimek Eyes Acquisitions for Value-Added, Not Scale
Sep 12 2016 // American International Group Inc. would weigh acquisitions to bolster high-priority businesses, even as Chief Executive Officer Peter Hancock exits other units, the head of the company’s commercial insurance...
Ex-AIG Chief Greenberg Won’t Surrender in 11-Year Old Reinsurance Fight
Sep 9 2016 // Even at 91, former American International Group Inc. Chairman Maurice “Hank” Greenberg isn’t ready to quit fighting. Greenberg scrapped with regulators and the Internal Revenue Service and beat the...
Allianz Expands Global Environmental Impairment Liability Team
Sep 8 2016 // Allianz Global Corporate & Specialty (AGCS) is expanding its global Environmental Impairment Liability (EIL) team with new senior hires in the North American and Mediterranean regions. “Environmental claims pose...
Sompo Canopius Hires Pearce (Former AIG Exec) as Head of Heavy Industry
Sep 8 2016 // Sompo Canopius AG announced the hire of Spencer Pearce as head of heavy industry. Pearce, one of a number of recent senior hires for Sompo Canoipius, joins from AIG. He will report to Mike Southgate, head of Marine, Energy...
AIG, Chubb, XL Group Lead in U.S. Cyber Coverage Market Share: Fitch Ratings
Sep 6 2016 // The U.S. property/casualty insurance industry generated $1 billion in direct written premium volume for cyber insurance in 2015. American International Group (AIG), Chubb and XL Group led the market, according to Fitch...
AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer
Sep 5 2016 // American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property and Casualty Co Ltd, according to a term sheet of the deal seen by IFR on...
