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Top 20 spotlight - 6: New Hampshire


GROUP HEAD OFFICE The AIG Building 58 Fenchurch Street London EC3M 4AB Tel: 020 7954 7000...


The AIG Building
58 Fenchurch Street
London EC3M 4AB
Tel: 020 7954 7000

A year in the news

October - December 2007

- October: Parent company AIG Europe's senior claims officer, Steve Eckhardt, announces he is leaving the UK to take up a group-wide role in New York, with Steve Agutter taking over as regional claims manager in the UK.

- October: AIG UK opens its first new office for several years in Newcastle, led by Mick Laws in the role of business development manager.

- November: Announces all UK general insurance business, previously underwritten by New Hampshire Insurance Company, will transfer with immediate effect to Landmark Insurance Company, which will be called AIG UK going forward.

- December: Promotes Alexander Baugh to managing director after Marsh and McLennan Companies hire former AIG UK managing director, Daniel Glaser.

January - March 2008

- January: Launches Enviropro, an annually renewable environmental product targeted at small/medium-sized enterprises.

April - June 2008

- April: Announces it is to consolidate its property, liabilities and AIG-combined businesses into one division, which will be led by Jason Harris, previously responsible for AIG UK's property account.

- May: AIG is dropped as underwriter by travel intermediary Insure and Go, in favour of Europ Assistance, after the US insurer ceases cover for UK residents travelling to Cuba.

- September: Parent AIG is saved from going under by the Federal Reserve Bank of New York with a two-year, $85bn revolving credit facility to ensure it meets its liquidity needs.



UK pre-tax profit: N/D

Regional offices (UK): 11

Worldwide offices: 400

Key personnel: Alexander Baugh, managing director; Kelly Lyles, director of commercial lines; Mike Giblin, director of client management; Steve Agutter, claims; Patrick Corbett, director consumer lines

Major shareholders: American International Group

Main business lines: Accident and health, aviation, casualty, crisis management, energy, financial lines, property, trade and political risk, environmental, marine and mergers and acquisitions

Employees: 1700

Recent sales/acquisitions: N/A

UK Reserves: N/D

Agency base: 1728

Direct arm: AIG Direct

Year company established: 1869 in the US; 1953 in the UK

Source: AIG UK.

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