American International Group, Inc. announced that it has expanded excess casualty liability limits for Class 1 railroads in the U.S. and Canada to $1 billion per occurrence. This coverage for catastrophe losses would be in excess of $1.5 billion in …
American International Group, Inc. announced that, in accordance with the company’s succession plan, previously disclosed on June 10, 2014, Peter D. Hancock has assumed the role of president and chief executive officer of AIG, and has joined AIG’s Board of …
American International Group Inc. (AIG) held a ribbon cutting and grand opening of its expansion in Olathe, Kansas, this week, which will bring 300 new jobs to Kansas by the end of 2015. Gov. Sam Brownback and AIG President and …
Former Iowa resident Christina M. Pender and California resident Robert K. Taylor have pled guilty to defrauding insurance company AIG out of hundreds of thousands of dollars, the U.S. Attorney’s Office for the Southern District of Iowa announced. Taylor also …
American International Group Inc. is the lead insurer of the TransAsia Airways Corp. passenger plane that crashed near Taiwan’s Magong airport, according to Aon Plc, a broker that tracks the market for aviation coverage. The ATR-72 plane is valued at …
Peter Hancock has been named president and chief executive officer of AIG effective September 1. He currently serves as executive vice president, AIG, and chief executive officer of AIG Property Casualty, and will succeed Robert Benmosche. As of September 1, …
A Massachusetts judge has ordered AIG Inc. to pay at least $7 million to a Wellesley man injured after he was struck by a bus in a scathing decision that accuses the insurer of hiding evidence and manipulating witnesses. Odin …
American International Group, Inc. (AIG) announced the launch of its Global Casualty Single Solution (GCSS), a new product to cover cross-border casualty risks for U.S.-based multinational companies. The product is designed for middle market businesses with up to $700 million …
American International Group Inc. is cutting about three percent of its staff as Chief Executive Officer Robert Benmosche targets the property/casualty unit for reductions. Severance costs cut fourth-quarter earnings by $265 million before taxes, AIG said in a statement today. …
American International Group, Inc. announced that it has appointed Seraina Maag as the new president and chief executive officer of its Europe, Middle East, and Africa (EMEA) region, effective November 11, 2013. Maag has held commercial insurance underwriting and finance …