AIG
AIG names new president of EMEA commercial insurance
AIG has named Emmanuel Burlé as president of commercial insurance for Europe, the Middle East and Africa.
Giles strengthens Scotland team
Giles Insurance Brokers has made three additions to its Scottish team, following its strategy to expand its presence in the region.
AIG secures HSBC distribution rights in Turkey and France for $55m
American International Group signed a 10-year bancassurance deal with HSBC Group, which see it become the exclusive provider of non-life insurance products to HSBC customers in Turkey and France.
AIG acquires HSBC's French GI arm and extends Turkish footprint
AIG has entered a 10-year bancassurance agreement with HSBC Group to become the exclusive provider of non-life insurance products to the bank's customers in Turkey and France.
Specialist pan-European cyber broker start-up launches
IPS Protection, a UK-based broker specialising in cyber liability has launched today to fill what it claims is a gap in the market.
AIG on risk for fatal incident as cause of helicopter crash investigated
AIG has confirmed it was the insurer of the twin-engine helicopter that clipped a crane and crashed in central London last week, after being diverted to an early landing pad due to bad weather.
Market moves: Twice is nice for JLT as broking sector leads the way
This week belonged to the broking sector, with JLT adding added new staff to its speciality and reinsurance arms. There were also moves in the intermediary space for BGL, Miller and Towergate.
AIG on-risk for helicopter crash as Crawford investigates
Crawford & Company will handle claims arising from the fatal helicopter crash in south west London this morning.
AIG files Maiden Lane lawsuit
Insurer AIG has launched a lawsuit against the Maiden Lane vehicle set up by the Federal Reserve Bank of New York to bail out the firm in 2008.
European environmental liability options
Environmental damage costs have hit the headlines in recent years and the European Commission is looking at the option of a fund to control them. But, as Sam Barrett finds out, the insurance industry is not the number one fan of this idea.
AIG will not sue US state over bailout
AIG has ruled out backing a claim by shareholder CV Starr that the terms of its state-backed bailout were unfair.
AIG considers joining bailout lawsuit against US government
American International Group, the insurer rescued by the US government in 2008, has come in for stinging criticism after claiming that it is considering joining a lawsuit which states that the bailout conditions were "exorbitant".
Former Aviva director Winslow joins AIG
AIG has named Adam Winslow as its new UK distribution director from 14 January.
Aquiline boosts Lloyd's foothold with cut-price acquisition of Equity Red Star
Aquiline Capital Partners' acquisition of Equity Red Star for £87m – a far cry from the £570m IAG paid for Equity Insurance Group in 2006 – marks the New York-based firm's latest foray into the Lloyd's market.
JLT launches multi-line executive defence insurance product
Lloyd's broker JLT has teamed up with AIG Europe to develop an executive defence product for commercial clients which combines a number of financial lines under one limit while preserving some dedicated protection for personal assets.
AIA suspends shares as AIG commences potential sale
The board of directors of AIA Group has requested that trading in the shares of the company on the Hong Kong Stock Exchange be suspended after AIG started a potential sale by placing a "significant proportion" of the shares held by AIG.
AIG creates financial institution division
AIG has launched a financial institutions practice in the UK to help businesses across the sector confront the risks and challenges of the market.
HDI-Gerling hires engineering and construction director
Industrial insurance company HDI-Gerling has appointed David Chew as engineering and construction director.
AIG launches cyber cover for Middle East firms
American International Group has launched a cyber-attack policy for companies in the Middle East, in what it claims is a first for the region.
Ex-NIG director Parry returns with start-up
Former NIG sales and distribution director Dave Parry has launched a business consultancy specialising in the insurance sector.
LIU Europe appoints Swiss sales manager from Chartis
Liberty International Underwriters Europe has appointed Eric Maltoni as sales manager Suisse Romande, based in its Zurich office in Switzerland.
Liberty International Underwriters appoints ex-Chartis man Maltoni
LIU Europe has hired former Chartis manager Eric Maltoni as sales manager 'suisse romande' based at the firm's Zurich office.
Fine art: State of the art
The sky-high value of fine art necessitates appropriate cover but, as well as the obvious threat of theft, what else must be considered when insuring artwork?