AIG
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Cyber Crime: Hack attack
As the demand for cyber insurance products grows, insurers are being required to service the market as well as protect their own businesses from cyber attacks.
Career file: Tom Stoddard - Aviva replaces Regan with ex-AIG bailout advisor
Aviva has replaced Pat Regan as chief financial officer with a leading member of the team that advised AIG through its 2008 bailout.
Market Moves - 6 March 2014
All the movers and shakers in recruitment in the insurance industry this week.
Senior claims specialist moves from AIG to Allianz in Hong Kong
Patsy Wong has been recruited by Allianz Global Corporate & Specialty as head of long tail claims for Hong Kong and Greater China.
AIG promotes Cloughley to bolster UK private client group
AIG has boosted its UK private client group with the appointment of Patrick Cloughley as senior business development manager.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
C-Suite: Insurer: Are we truly diverse?
A diverse workforce brings benefits to staff and positively influences corporate culture.
AIG axing 3% of global workforce
US insurance giant AIG is planning to cut about 3% of its global workforce, primarily in its property casualty unit, according to reports, in spite of full year profits of almost triple last year’s equivalent figures.
QBE recruits from Allianz, AIG and Hiscox in tech drive
QBE has swooped for four new technology, media and telecommunications specialists, recruiting from Allianz, AIG and Hiscox.
AIG bailout lawsuit dismissal upheld
A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.
Editor's comment: The ratings game
The ugly issue of rated v unrated insurers has once again been pushed up the agenda, with news this week that the Solicitors Regulation Authority plans to roll out a consultation on the possibility of a ban on unrated or low‑ranking insurers from its …
Career development: AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
AIG names banking boss who quit over "hostile environment" as non-exec
AIG Europe has boosted its board with a trio of appointments, including a former Banque AIG boss whose resignation in 2009 almost triggered crisis at the insurer.
AIG handed chartered status
AIG has become one of 24 firms to have been awarded chartered insurer status by the Chartered Insurance Institute.
Sales of cyber-insurance climbed 30% in 2013 at AIG
AIG saw a 30% rise in sales last year compared to 2012 of the specialist insurance that protects companies from data breaches and cyber attacks.
Zurich recruits chief technology officer from AIG
Zurich has appointed Robert Dickie as chief operations and technology officer and a member of the group executive committee. He will begin in March.
AIG appoints Bond Dickinson for contract work
AIG has appointed law firm Bond Dickinson to handle its high-volume contract work.
Lloyd’s first-ever female CEO Inga Beale signals new era for insurance industry
Canopius CEO’s experience makes her ‘ideal’ replacement for Richard Ward
AIG sells aircraft leasing unit for $5.4bn
AIG has sold its aircraft leasing unit International Lease Finance Corp to Dutch leasing company AerCap for $5.4bn.
Lockton expands global technology practice
Broker Lockton is expanding its global technology and privacy practice with three staff moves in major cities to support clients on cyber liability and related risk management issues.