AIG
Editor's Comment: A significant loss for AIG?
The news that AIG’s UK managing director Jacqueline McNamee is among those implicated in the cost-cutting and restructuring initiative for the insurer, which is expected to cost $500m (£326.9m) but also create annualised savings of $400m to $500m, has…
UK rivals tipped to benefit from McNamee's AIG exit
The expected departure of AIG's UK managing director Jacqueline McNamee is a “significant loss” for the company and could result in rival firms pegging back last year’s biggest UK insurer, according to market observers.
More than £29bn working capital trapped in UK economy, AIG finds
Limited access to working capital finance and inflexible payment terms are having an adverse impact on UK business, research from AIG and Prime Revenue has found.
Icahn seeks shareholder support for AIG breakup
AIG has said it would not "make financial sense" to break up the insurer after renewed pressure from activist investor Carl Icahn.
Asia: The complexity of cyber exposures
Businesses in Asia need to brace themselves for a new generation of cyber risks, as threats go beyond traditional ‘hacktivist’ attacks.
Claims Club Asia: Cyber risks on the agenda
At the final Claims Club Asia of 2015 in Hong Kong, an audience of claims professionals heard from experts on cyber risks.
AIG UK boss McNamee to exit amid $500m cost-cutting drive
AIG UK managing director Jaqueline McNamee is to depart the insurer amid a swingeing cost-cutting initiative that could impact up to 400 senior executives globally.
AIG pays S$40,000 a day for Singaporean travel claims
Singaporeans favourite reason for going abroad is to go shopping according to research from AIG.
XL Catlin recruits from AIG to bolster Australia crisis capabilities
Shelley Devane has joined XL Catlin to become its head of crisis management for Australia.
The State of the Insurer Nation: Week Five: Brokers, professionalism and governance
In the final part of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how our insurance CEOs view relationships with brokers, professionalism in the sector and the importance of diversity for…
The State of the Insurer Nation: Week Four: Data, social insurance and emerging risks
In the fourth report covering the results of Post’s latest State of the Nation survey, Mairi MacDonald asks how important data is, how social insurance and social media tools fit into the sector and what the emerging threats are for our CEOs and managing…
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.
The State of the Insurer Nation: Week Three: Public Perception
In the third of a five-part series covering the results of the State of the Nation survey, Mairi MacDonald reports how our CEOs and managing directors view the public’s poor perception of the insurance industry and how simplified wordings and more…
Claims service and innovation key for HNW firms in over-crowded market
High-net-worth insurers must prioritise claims service levels and product innovation if they are to maintain a foothold in an increasingly over-populated market, according to broking and claims experts.
Shareholder Icahn calls for AIG split
Activist shareholder Carl Icahn has claimed AIG is "too big to succeed" and needs to be broken up.
The State of the Insurer Nation: Week Two: Politics and Europe
In the second of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how politics, government policy and the UK’s position in the European Union is viewed by insurance CEOs and managing directors…
AIG appoints first global head of cyber
Tracie Grella, AIG's global head of professional liability, has become AIG's first global head of cyber for commercial lines.
C-Suite - Insurer: Innovation can be Uberdisruptive
Is the insurance industry vulnerable to new technological developments?
The State of the Insurer Nation: Week One: Regulation
In the first report of a five-part series covering Post’s latest State of the Nation survey, Mairi MacDonald reports on how regulation of the insurance industry is viewed by insurance CEOs and managing directors and how they think it could work better…
Top 100 UK insurers: Top 20 focus
We focus on the insurers that made the top 20 in the 2015 listing.
AIG appoints two independent directors in Singapore
US-headquartered insurance giant AIG has made its first independent director appointments to its Singapore board.
Aubert handed Willis Limited CEO role
Willis Group Holdings has appointed Nicolas Aubert as CEO of the firm’s principal UK regulated entity Willis Limited.
Analysis: Is flexibility the way forward for China’s motor market?
Adding more flexibility to the Chinese motor insurance market will create opportunities for foreign insurers to differentiate themselves on both price and product design, writes Nicky Burridge.
Regulators agree capital requirements for world's nine largest insurers
The world's largest insurers will need to ensure they are holding more capital after a G20 Financial Stability Board-sponsored assessment.