AIG Winds Down Iran Business It Acquired Along With Validus

Article 1 Comments American International Group Inc. is exiting business activities in Iran that came with a subsidiary it acquired and which now butt up against the sanctions against Iran that have been reimposed by the Trump administration, according to a filing. Validus Holdings Ltd, a Bermuda-based reinsurer that AIG […]

Reinsurers Including AIG’s Validus Await Hurricane Michael Claims

Article 0 Comments American International Group Inc.’s Brian Duperreault spent his first year as chief executive officer on a rebuilding effort, and his biggest acquisition is the one that can magnify the insurance giant’s exposure to losses from catastrophes like Hurricane Michael. AIG bought Bermuda-based Validus Holdings Ltd. in July […]