AIG
Disaster losses of $262m impact AIG profit in Q1
AIG has attributed catastrophe losses within its property and casualty businesses as a major factor in a 27% drop in profit to $1.6bn (£945m) in the first quarter of 2014 compared to $2.2bn in Q1 2013.
Market Moves - 17 April 2014
Find out who has moved where in the industry this week.
Q+A: Brad Berg, vice president, energy, Asia-Pacific, AIG
Post interviews Singapore-based Brad Berg, head of energy and engineered risks, global property, Asia-Pacific, AIG about energy risks in Asia.
AIG restructures EMEA management team
AIG has made several appointments as part of a restructure of its Europe, Middle East and Africa division.
Roundtable: Legal Reforms: Laspo: One year review
It is one year since the introduction of the Legal Aid, Sentencing and Punishment of Offenders Act and, more importantly for insurers, the Jackson reforms. Have they been a success or a failure?
AIG UK trims COR to 84% as underwriting profit soars
AIG Europe chief executive Nicolas Aubert has heralded the “continued development” of the group’s UK business after it shaved 19 percentage points off its combined operating ratio to 84% last year.
AIG enhances personal accident & business travel cover
AIG launched an enhanced version of its Lifeline Plus group personal accident & business travel cover, which includes extended policy wording and a mobile app that provides travelers with direct access to assistance and advice at any time, wherever they…
Allianz confirms missing plane payment
Allianz has confirmed that it has made payments to Malaysia Airlines over missing flight MH370.
Missing Malaysian plane unlikely to affect rates in aviation market
Fate of Malaysia Airlines flight MH370 unknown after disappearing on 8 March.
Cyber Crime: Hack attack
As the demand for cyber insurance products grows, insurers are being required to service the market as well as protect their own businesses from cyber attacks.
Career file: Tom Stoddard - Aviva replaces Regan with ex-AIG bailout advisor
Aviva has replaced Pat Regan as chief financial officer with a leading member of the team that advised AIG through its 2008 bailout.
Market Moves - 6 March 2014
All the movers and shakers in recruitment in the insurance industry this week.
Senior claims specialist moves from AIG to Allianz in Hong Kong
Patsy Wong has been recruited by Allianz Global Corporate & Specialty as head of long tail claims for Hong Kong and Greater China.
AIG promotes Cloughley to bolster UK private client group
AIG has boosted its UK private client group with the appointment of Patrick Cloughley as senior business development manager.
Fracking: Frack to the future
With the government pushing hydraulic fracturing in the UK, how will developments in this market affect insurers and what risks does it entail?
C-Suite: Insurer: Are we truly diverse?
A diverse workforce brings benefits to staff and positively influences corporate culture.
AIG axing 3% of global workforce
US insurance giant AIG is planning to cut about 3% of its global workforce, primarily in its property casualty unit, according to reports, in spite of full year profits of almost triple last year’s equivalent figures.
QBE recruits from Allianz, AIG and Hiscox in tech drive
QBE has swooped for four new technology, media and telecommunications specialists, recruiting from Allianz, AIG and Hiscox.
AIG bailout lawsuit dismissal upheld
A US court has upheld a verdict dismissing a lawsuit from Maurice “Hank” Greenberg challenging the Federal Reserve Bank of New York bail out of AIG in 2008.
Brokers get behind SRA plan to ban unrated firms from writing solicitors’ PI
Critics argue plan is ‘misconceived’ and would put ‘upward pressure on rates’.
SMEs told to wake up to cyber threat amid concerns over low cover uptake
Government planning to endorse common standard for cyber security by March.
AIG eyes 20% growth in Malaysian travel insurance market
AIG Malaysia is expecting to see a 20% growth in travel insurance each year.
Editor's comment: The ratings game
The ugly issue of rated v unrated insurers has once again been pushed up the agenda, with news this week that the Solicitors Regulation Authority plans to roll out a consultation on the possibility of a ban on unrated or low‑ranking insurers from its …