September 1, 2023
Via: Insurance BusinessThe European Commission (EC) has approved the sale of American International Group’s (AIG) treaty reinsurance business to RenaissanceRe Holdings (RenRe). In an update, the regulatory body said: “The Commission concluded that the proposed acquisition would raise no competition concerns, given […]
Geo-Political, Risk Management
March 13, 2023
Via: Insurance JournalInsurers led by AIG are asking London’s High Court to merge various lawsuits brought by aircraft lessors against insurance companies refusing to pay out claims for jets effectively confiscated in Russia. AerCap Holdings NV, the world’s biggest jet lessor, is […]
August 22, 2022
Via: Insurance JournalBroker Marsh, a unit of Marsh & McLennan, said on Monday it was launching the world’s first dedicated insurance for hydrogen energy projects, as the nascent industry looks to scale up quickly in the fight against climate change. As the […]
May 7, 2021
Via: Insurance JournalAmerican International Group (AIG) reported strong underwriting and investment results in in its General Insurance and its Life and Retirement divisions, despite catastrophe losses from winter storms and Covid-19 mortality claims. For the first quarter, net income was $3.9 billion […]
February 1, 2021
Via: Business InsuranceAmerican International Group Inc. agreed on Monday to pay a $12 million civil fine to settle charges it conducted life insurance business in New York without a license. The settlement is the second to result from an investigation by the […]
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