American International Group said it has finalized an agreement with private equity firm Stone Point Capital to form Private Client Select (PCS) Insurance Services. PCS will be an independent managing general agent serving the high net worth and ultra high …
Thomas F. Motamed, an industry veteran who started his career as a claims trainee and eventually led some of the largest insurers in the world, died of brain cancer on Tuesday. He was 74 years old. Motamed was most recently …
Russia’s second-largest oil producer Lukoil has bought into insurance company GARDIA, a former subsidiary of AIG, one of the world’s biggest commercial insurers, GARDIA said earlier this week. (Editor’s note: Reuters included a note with this article saying: “This content …
A former Goldman Sachs Group Inc. vice president who goes on trial for insider trading in June is scrambling to pay for his legal defense after he was cut off by the bank’s insurers. Brijesh Goel, who has pleaded not …
Insurers led by AIG succeeded in their attempt to merge several lawsuits brought by aircraft lessors over outstanding claims for jets that have been left out of reach in Russia. Judge Christopher John Butcher at London’s High Court said he …
Fourth quarter 2022 net income attributable to American International Group common shareholders fell to $264 million from about $3.7 billion the year prior, but the insurer’s general insurance business ended the year with “the strongest underwriting results the business has …
Following through on intentions to move its high net worth business to nonadmitted paper—and some to other capital providers—American International Group entered into a binding memorandum of understanding with Stone Point Capital LLC to form an independent managing general agency. …
AIG late Monday terminated interim Chief Financial Officer Mark Lyons after he “violated his confidentiality/non-disclosure obligations,” the company said. Lyons was just appointed interim CFO earlier this month when CFO Shane Fitzsimons took a temporary medical leave of absence. Lyons …
American International Group (AIG) said Shane Fitzsimons, executive vice president and chief financial officer, is taking a temporary medical leave of absence, effective immediately. Mark Lyons will serve as AIG’s CFO in Fitzsimons’ absence. Lyons will also continue his role …
American International Group (AIG) named Don Bailey as global head of distribution and field operations. He joins AIG from Bristlecone Partners, a growth and human capital consultancy firm, where he had been a partner since 2017. Bailey has held several …
