AIG CEO: we can see the finish line after $3bn credit agreement
AIG has confirmed that it has entered into 364-day and 3-year bank credit facilities totaling $3bn (£1.94bn)split evenly between the two.
AIG also announced that Chartis has entered into a 1-year $1.3bn letter of credit facility.
Thirty-Six banks participated in the facilities. The facilities will be available upon the closing of the
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: https://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Commercial
How are insurers enabling greener choices in construction?
View from the Top: Gemma Tait, head of construction for Europe, the Middle East and Africa at Willis, looks at the changing practices and novel products insurers are rolling out to help build a more sustainable construction sector.
Axa hires Dunn from Zurich as Commercial CUO
Axa UK Commercial has appointed Zurich’s Caroline Dunn to succeed David Ovenden as chief underwriting officer.
Big Interview: Colin Johnson, Hadron International
As a former footballer turned fronting-carrier CEO, Hadron’s Colin Johnson knows the best managers succeed by creating a top team, who can achieve goals, and know the way the opposition plays.
Why Hadron CEO Johnson won’t repeat previous fronter playbooks
Colin Johnson, CEO of Hadron International, has explained why the playbook he is using at his new fronting insurer is not simply a repeat of those used by rivals.
HDI CEO Ogden exits after six years
Stephanie Ogden, CEO of HDI Global UK and Ireland, will leave the business on 31 January to become CEO of Munich Re Specialty - Global Markets.
Storm brewing in legal PI market over genAI
As generative AI becomes embedded in professional workflows, Marcel Le Gouais explores how insurers are grappling with a rising wave of silent PI exposure driven by lawyers and other advisers mishandling AI-generated outputs.
Roundtable: Transforming risk management in commercial insurance
How insurers and brokers can help businesses navigate a complex risk landscape and strengthen loss prevention for the future.
Why MGAs need to hold the line in 2026
Trade Voice: Mike Keating, CEO of the Managing General Agents’ Association, says the softening market gives MGAs the opportunity to prove their mettle – but they must show underwriting discipline.