Anthony Baldwin News

AIG’s European Restructuring Gets Nod in Final Step of Brexit Preparations

American International Group, Inc. announced its European subsidiary, AIG Europe Ltd. (AEL) has received approval from the High Court of England & Wales to transfer its business into two new entities: American International Group UK Ltd. (AIG UK) and AIG …

AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg

American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the European Economic Area and Switzerland. The …

AIG Prepares for Brexit with Authorization of UK, Luxembourg Subsidiaries

American International Group Inc. announced the authorization of new insurance companies in the United Kingdom and Luxembourg in preparation for the UK’s exit from the European Union. The formation of the two new units provides clients certainty of uninterrupted UK …

AIG Plans to Launch Luxembourg-Based Insurer in 2019 in Preparation for Brexit

American International Group Inc. plans to locate an insurance company in Luxembourg to ensure continued smooth operation of its business across the European Economic Area (EEA) and Switzerland once the United Kingdom leaves the European Union. From 2019, AIG proposes …

AIG May Move Europe HQ from London to Another EU Country on Brexit

U.S. insurer AIG may move its European headquarters from London to another European Union country because of Britain’s vote to leave the EU, the head of the AIG’s European and UK operations said at an industry conference on Tuesday. AIG …

AIG Offers Brexit Coverage in UK for Anxious Executives

American International Group is coming out with new Brexit coverage in the UK for anxious executives, barely weeks after the fateful British vote to pull out of the European Union. AIG division AIG UK will handle the product launch, which …