AIG
The Post Power List 2016
In a year where regulation, natural disasters, consolidation and cyber/digital again look set to make waves, and when the country could learn if it’s in or out of the European Union, Post had a mind mapping session – with a bottle of wine – to see who…
Rank: 5 - Anthony Baldwin, CEO of AIG
Following the surprise exit of Jacqueline McNamee at the end of last year as part of a cost-cutting exercise, Baldwin has been appointed CEO of AIG and takes the helm of the biggest insurance company in the UK general insurance market, according to AM…
AM Best places AIG under negative review
AM Best has placed AIG's credit ratings under review with negative implications.
AIG pares back to achieve planned $25bn shareholder return
AIG plans to return $25bn (£17.5bn) to shareholders through measures including a part-IPO of its mortgage insurance subsidiary and a series of reinsurance transactions, a strategic announcement revealed today (26 January).
Divestments expected from AIG in strategic statement
AIG CEO Peter Hancock is expected to outline his strategy for the company including support for divesting non-core parts of the business in a live webcast tomorrow (26 January), reports claim.
D&O and Cyber: C-suite cyber risks take off
US legal influences continue to impact on the UK directors’ and officers’ market – and that now includes the growing cyber threat
AIG strategy failing to win support among majority of investors
Only a small minority of shareholders back AIG’s present strategy amid pressure from activists such as Carl Icahn for a change to the insurer’s approach, according to a poll by investment management firm Bernstein.
Blog: From AIG to Zurich, five predictions for insurers in 2016
Now that we have all had a chance to get back into our pre-Xmas routines; quit our cous-cous diets and break our new year’s resolutions, I thought it would be a good time to look into my crystal ball and predict how the year might pan out for insurers.
Detail on AIG strategy to be revealed
AIG will provide a strategy update and release its fourth quarter results on 26 January, following a number of cost-cutting measures last year in a bid to save up to $500m (£341m).
AIG's Baldwin takes on UK CEO role following McNamee exit
AIG Europe CEO and board director Anthony Baldwin has been appointed CEO of AIG in the UK.
Uncertainty around high risk corporate travel destinations may impact coverage
Countries that constitute 'high-risk destinations' are becoming a grey area for companies wanting to protect their employees during overseas corporate assignments, as terror incidents lead to demand for comprehensive multinational programmes.
Upheaval continues at AIG with four to go at senior level
The shake-up at AIG continues with chief financial officer David Herzog to go, alongside three other key management figures outlined today by CEO Peter Hancock.
Editor's Comment: A significant loss for AIG?
The news that AIG’s UK managing director Jacqueline McNamee is among those implicated in the cost-cutting and restructuring initiative for the insurer, which is expected to cost $500m (£326.9m) but also create annualised savings of $400m to $500m, has…
UK rivals tipped to benefit from McNamee's AIG exit
The expected departure of AIG's UK managing director Jacqueline McNamee is a “significant loss” for the company and could result in rival firms pegging back last year’s biggest UK insurer, according to market observers.
More than £29bn working capital trapped in UK economy, AIG finds
Limited access to working capital finance and inflexible payment terms are having an adverse impact on UK business, research from AIG and Prime Revenue has found.
Icahn seeks shareholder support for AIG breakup
AIG has said it would not "make financial sense" to break up the insurer after renewed pressure from activist investor Carl Icahn.
Asia: The complexity of cyber exposures
Businesses in Asia need to brace themselves for a new generation of cyber risks, as threats go beyond traditional ‘hacktivist’ attacks.
Claims Club Asia: Cyber risks on the agenda
At the final Claims Club Asia of 2015 in Hong Kong, an audience of claims professionals heard from experts on cyber risks.
AIG UK boss McNamee to exit amid $500m cost-cutting drive
AIG UK managing director Jaqueline McNamee is to depart the insurer amid a swingeing cost-cutting initiative that could impact up to 400 senior executives globally.
AIG pays S$40,000 a day for Singaporean travel claims
Singaporeans favourite reason for going abroad is to go shopping according to research from AIG.
XL Catlin recruits from AIG to bolster Australia crisis capabilities
Shelley Devane has joined XL Catlin to become its head of crisis management for Australia.
The State of the Insurer Nation: Week Five: Brokers, professionalism and governance
In the final part of a five-part series covering the results of Post’s latest State of the Nation survey, Mairi MacDonald reports how our insurance CEOs view relationships with brokers, professionalism in the sector and the importance of diversity for…
The State of the Insurer Nation: Week Four: Data, social insurance and emerging risks
In the fourth report covering the results of Post’s latest State of the Nation survey, Mairi MacDonald asks how important data is, how social insurance and social media tools fit into the sector and what the emerging threats are for our CEOs and managing…
AIG planning to axe 400 senior executives
AIG is planning to cut up to 400 senior staff in the US after posting a $231m (£149m) loss for the third quarter of 2015.