In response to the growing financial impact and frequency of product recalls for food and beverage manufacturers, distributors and importers in the U.S. and Europe, American International Group (AIG) launched NOVI, a web-based service to help companies estimate the cost …
American International Group, Inc. (AIG) today announced that it is now offering globally up to $100 million in limits for Side A Directors and Officers (D&O) liability insurance. This new capacity from AIG, combined with the insurer’s financial strength and …
American International Group, Inc. appointed Jim Dwane as the new president and chief executive officer for its property/casualty business in Latin America and the Caribbean, effective immediately. Dwane will hold overall responsibility for the insurance operations in the 15 countries …
AIG announced that it has entered into a five-year reinsurance transaction with Tradewynd Re Ltd., which will provide $125 million of indemnity reinsurance protection against U.S., Caribbean and Gulf of Mexico named storms and U.S. and Canadian earthquakes. A diversified …
American International Group, Inc. (AIG) appointed Jeremy Johnson as president & chief executive officer of Lexington Insurance Company, AIG’s Excess & Surplus (E&S) division based in Boston. He will report to Robert Schimek, president & chief executive officer of AIG …
American International Group, Inc. announced several executive appointments in its property/casualty business segment, effective immediately. Robert Schimek will become president and chief executive officer of AIG Property Casualty’s Americas region. Schimek will relocate to New York from London, where he …
AIG announced that it has entered into a reinsurance transaction with Compass Re Ltd., which will provide $400 million of peak-zone protection against U.S. hurricanes and earthquakes. To fund its potential obligations to AIG, Compass Re Ltd. issued a $400 …
AIG estimates it will take $1.3 billion in losses related to Superstorm Sandy, more than other major insurance companies have reported so far. New York-based American International Group Inc. said Friday it will contribute about $1 billion to its U.S. …
American International Group, Inc. introduced OSHA Counsel Assist (“OSHA Assist”), an enhancement to general liability programs for construction clients that provides policyholders with legal support and additional limits if a work place injury or death results in an investigation by …
American International Group Inc. said it will now use AIG as the name for all of its global property/casualty operations, including Chartis, in most locations, and that the company’s life and retirement segment is now AIG Life and Retirement. As …