InsurTech Joyn Insurance announced the addition of industry veteran Brian Duperreault to its board as an independent director. Duperreault previously served as executive chairman for AIG’s Board of Directors and as CEO of AIG from 2017 to 2021. Before joining …
AIG Zaffino Named Chairman as Duperreault to Retire American International Group announced that Peter Zaffino, president and chief executive officer, will assume the additional role of chairman of the board of directors, effective January 1, 2022. As previously announced, Brian …
American International Group is moving its global headquarters in 2021 as part of a continued push to modernize its operations, the company disclosed on July 21. The property/casualty insurance giant will still maintain a Manhattan corporate address, which it has …
American International Group plans to sell the bulk of Fortitude Re to private equity firm The Carlyle Group and Japanese insurer T&D Holdings for $1.8 billion. Plans call for a newly created Carlyle-managed fund and T&D Holdings to acquire from …
American International Group Inc. bought into the People’s Insurance Co. (Group) of China Ltd. as a cornerstone investor in its initial public offering more than six years ago. Since that time — early December 2012 — Hong Kong’s benchmark Hang …
American International Group said it has completed the acquisition of insurance program manager Glatfelter Insurance Group, a deal announced in September. The addition is a key element in AIG’s strategy to reposition its General Insurance business and return to profitability. …
American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian …
Eight months after Chief Executive Officer Brian Duperreault took over and began to undo his predecessor’s retrenchment strategy, the company announced a $5.56 billion, all-cash deal to purchase Bermuda reinsurer Validus Holdings Ltd., its largest standalone acquisition in 17 years. …
A.M. Best has placed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit of “a-” of Bermuda-based Hamilton Re Ltd., under review with developing implications. Also under review are Wilmington, Del.-based Hamilton Specialty Insurance Co. and Hamilton …
Hamilton Insurance Group, the Bermuda-based holding company for property and casualty insurance and reinsurance operations in Bermuda, the U.S. and at Lloyd’s, announced that William C. Freda has been appointed to the position of chairman of the board and David …
