AIG
AIG will not sue US state over bailout
AIG has ruled out backing a claim by shareholder CV Starr that the terms of its state-backed bailout were unfair.
AIG considers joining bailout lawsuit against US government
American International Group, the insurer rescued by the US government in 2008, has come in for stinging criticism after claiming that it is considering joining a lawsuit which states that the bailout conditions were "exorbitant".
Former Aviva director Winslow joins AIG
AIG has named Adam Winslow as its new UK distribution director from 14 January.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
JLT launches multi-line executive defence insurance product
Lloyd's broker JLT has teamed up with AIG Europe to develop an executive defence product for commercial clients which combines a number of financial lines under one limit while preserving some dedicated protection for personal assets.
AIA suspends shares as AIG commences potential sale
The board of directors of AIA Group has requested that trading in the shares of the company on the Hong Kong Stock Exchange be suspended after AIG started a potential sale by placing a "significant proportion" of the shares held by AIG.
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.
HDI-Gerling hires engineering and construction director
Industrial insurance company HDI-Gerling has appointed David Chew as engineering and construction director.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.
Ex-NIG director Parry returns with start-up
Former NIG sales and distribution director Dave Parry has launched a business consultancy specialising in the insurance sector.
LIU Europe appoints Swiss sales manager from Chartis
Liberty International Underwriters Europe has appointed Eric Maltoni as sales manager Suisse Romande, based in its Zurich office in Switzerland.
Liberty International Underwriters appoints ex-Chartis man Maltoni
LIU Europe has hired former Chartis manager Eric Maltoni as sales manager 'suisse romande' based at the firm's Zurich office.
Fine art: State of the art
The sky-high value of fine art necessitates appropriate cover but, as well as the obvious threat of theft, what else must be considered when insuring artwork?
Industry in favour of 90-day cooling-off period
The industry has backed risk management association Airmic's voluntary clause outlining a 90-day cooling-off period in which an insurer can freely exchange information with a policyholder before resorting to a reservation of rights.
Aviva appoints Mark Wilson as group chief executive
Former AIA chief executive Mark Wilson, pictured, has been appointed group CEO and will receive a basic annual salary of £980 000, Aviva has revealed.
PICC seeks cornerstone investors ahead of IPO
Chinese state-owned insurer PICC Group is in talks with American International Group and others to become cornerstone investors for its planned Hong Kong listing, Reuters reported.
Market moves: Chartis and Antares dominate recruitment space
The recruitment space was dominated by Chartis and Lloyd’s insurer Antares this week. Chartis welcomed four new staff to its team, while Antares recruited an energy underwriter and two aviation specialists.
AIG adds logo to Singapore skyline
Global insurer AIG has installed a new signboard on top of its Asia Pacific headquarters at 78 Shenton Way.
Sponsorship: Your name here
From wheelchair rugby to fencing, insurers have a strong interest in sport. Why is such sponsorship so popular, and how do the parties involved benefit?
AIG brand is back, declares Benmosche
American International Group, has declared that AIG is once again the “go-to-market brand” of its global property casualty business, which had been rebranded as Chartis in the wake of its near-collapse in 2008.
Chartis appoints regional head
Chartis has appointed a new regional manager for the Midlands and south west.
Market moves: Fusion five mark the week's biggest move
Towergate-owned underwriter Fusion was the most active firm in the recruitment space this week, unveiling a new five-strong engineering team all joining from Aviva.
Chartis appoints new head of commercial property
Hilary Flynn has been appointed head of commercial property at Chartis UK.