July 8, 2020
Circus Circus Hotel and Casino has filed a lawsuit against AIG Specialty Insurance Co. alleging that AIG wrongfully denied coverage for the company’s losses resulting from the COVID-19 pandemic. The lawsuit was filed by in the U.S. District Court of …
June 30, 2020
American International Group (AIG) announced it has entered into an agreement with Safeco Insurance, a Liberty Mutual subsidiary, and Heritage Insurance Holdings to offer AIG Private Client Group’s (PCG) agents the ability to transfer their upper middle market personal insurance …
June 5, 2020
American International Group Inc.’s Peter Zaffino drew a clear line ahead of his jump to the insurer almost three years ago. “I didn’t want any advice,” Zaffino, AIG’s president, said in a rare sit-down interview. “I needed to see things …
June 3, 2020
Global investment firm The Carlyle Group and T&D Holdings announced have completed their acquisition of a 76.6% interest in Fortitude Group Holdings, whose group companies include Fortitude Re, from insurer American International Group. The transaction, which was first announced in …
May 15, 2020
Shareholders of American International Group Inc. strengthened their support for the U.S. insurance company’s executive compensation plan after the board made changes to its pay packages, according to vote totals AIG released on Thursday. Nearly 94% of the shareholder votes …
May 13, 2020
Major insurers Zurich and Chubb increased their insurance cover for a Canadian oil sands pipeline over the last year, Canadian regulatory filings show. The Trans Mountain pipeline, which ships types of crude oil and refined products to British Columbia from …
May 12, 2020
American International Group Inc. faces a crucial test on Wednesday, when shareholders are to vote on whether the board of directors has adequately addressed their concerns about executive pay. Investors offered relatively weak support for AIG’s pay proposals in the …
May 4, 2020
American International Group has launched Lloyd’s Syndicate 2019 — the largest-ever syndicate to be launched at Lloyd’s. Syndicate 2019 will exclusively reinsure risks from AIG’s Private Client Group (PCG), which operates in the high net worth segment. Significant capital support …
April 30, 2020
New York City Comptroller Scott M. Stringer has called on three multi-national insurance companies to end business ties with the coal industry, a move he says will protect clients from the effects of climate change and ensure long-term value for …
April 22, 2020
Invest, an insurance industry classroom-to-career education program, has named Diane Delaney, assistant vice president and sales and marketing director for AIG Private Client Group, as its newest board member. Delaney is based in New Jersey and is responsible for overseeing …