Tag: AIG

Regulatory / Legal

Sale of AIG’s treaty reinsurance business gets European Commission nod

September 1, 2023

Via: Insurance Business

The 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

Insurers Try to Merge Lawsuits Brought by Lessors for Jets Confiscated in Russia

March 13, 2023

Via: Insurance Journal

Insurers 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 […]


Marsh Launches 1st Dedicated Insurance for Hydrogen Energy Projects

August 22, 2022

Via: Insurance Journal

Broker 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 […]


AIG Reports Strong First Quarter

May 7, 2021

Via: Insurance Journal

American 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 […]

Regulatory / Legal

AIG to pay $12M fine for N.Y. pension transfers

February 1, 2021

Via: Business Insurance

American 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 […]