CorPro Underwriting Managers Expands AIG Management Liability Offering

Article 0 Comments CorPro Underwriting Managers has expanded its availability of several new key coverage enhancements under the Private Edge Plus and Not-for-Profit Risk Protector products (directors and officers, employment practices, fiduciary and crime insurance coverages) offered to SME businesses on a national basis on behalf of AIG. Since 2014, […]

AIG Appoints MetLife’s Shah as Asia Pacific CEO

Article 0 Comments American International Group, Inc. (AIG) has appointed Sachin N Shah as chief executive officer of Asia Pacific, AIG General Insurance. Shah has been chairman, president and CEO of MetLife Japan since 2013 and prior to that he was chef operating officer. Shah spent five years leading MetLife’s […]

AIG Names Lyons as CFO, Succeeding Sankaran

Article 0 Comments American International Group (AIG) has appointed Mark D. Lyons to the role of executive vice president and chief financial officer (CFO), succeeding Sid Sankaran, who will remain at AIG in an advisory capacity through the year-end reporting process for fiscal year 2018. Lyons will serve on the […]

High-Net Worth Insurer Vault Enters South Carolina

Article 0 Comments Vault, an insurer focused on the high net-worth personal insurance market, has officially opened for business in South Carolina. Vault offers insurance coverage and services for high-value homes, art, jewelry, cyber and personal excess liability coverage. Vault’s business model, built on agent feedback, offers these products through […]

AIG Appoints Aspen Re’s Lillelund as CEO of AIG Europe in Luxembourg

Article 0 Comments American International Group, Inc. announced that Thomas Lillelund will join as chief executive officer of AIG Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new legal entity for AIG’s business in the European Economic Area and Switzerland. The new entity has been established to provide […]

AIG Names Wismer as SVP, Deputy Chief Financial Officer & Chief Accounting Officer

Article 0 Comments American International Group, Inc. has appointed Jonathan Wismer as senior vice president, deputy chief financial officer and chief accounting officer, effective immediately. Wismer will be based in New York and report to Sid Sankaran, executive vice president and chief financial officer. He succeeds Elias Habayeb, who was […]

AIG’s Q2 Profit Drops 17% as General Insurance Fails to Improve

Article 0 Comments American International Group Inc on Thursday reported a 17 percent fall in quarterly profit as its general insurance business failed to show improvement, missing analysts’ expectations. AIG shares fell more than 5.5 percent to $52.15 after hours. Chief Executive Brian Duperreault, who took charge more than a […]

AIG Names McElroy from Arch as CEO of Lexington Insurance Co.

Article 0 Comments American International Group Inc. announced that David H. McElroy will join the company as chief executive officer of Lexington Insurance Co. at a date to be determined. McElroy will lead Lexington Insurance Co. and report to Peter Zaffino, chief executive officer, General Insurance. McElroy will serve as […]

Interest in Crypto Insurance Grows, Despite High Premiums, Broad Exclusions

Article 0 Comments In the staid and buttoned-up world of insurance underwriting, few want to talk about it. You won’t find many ads promoting it or details on company websites offering it. But according to industry insiders, there’s a hot new business that more and more firms are looking to […]

AIG Completes $5.5 Billion Acquisition of Validus

Article 0 Comments American International Group Inc. said it has completed its acquisition of Bermuda reinsurer and specialist insurer Validus Holdings. The $5.56 billion all-cash transaction was first announced in January, about eight months after Brian Duperreault took over at AIG as president and chief executive officer. Validus adds diversified […]