Top 20 spotlight - 6. New Hampshire

- By Insurance Post Staff
- 28 Sep 2006
- Indicative reading time: 1 minute

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Group Head Office The AIG Building 58 Fenchurch Street London EC3M 4AB Tel: 020 7954 7000 ...

Group Head Office

The AIG Building

58 Fenchurch Street

London EC3M 4AB

Tel: 020 7954 7000

www.aigeurope.co.uk

A YEAR IN THE NEWS

OCTOBER - DECEMBER 2005

- November: AIG Europe (UK) revamps its group personal accident and travel insurance product to reduce its perceived ambiguity. It claims Lifeline Plus includes improvements in 30 areas of the policy, following research that revealed business travellers were unclear about services available to them.

JANUARY - MARCH 2006

- March: AIG Group unveils net income for 2005 of $10.48bn (£5.5bn) (2004: $9.84bn). This includes an after-tax net catastrophe loss of $2.11bn.

APRIL - JUNE 2006

- April: AIG signs a £56.5m shirt sponsorship deal with Manchester United.

JULY - SEPTEMBER 2006

- July: AIG relaunches its UK affinity business and says it is looking to profit from a 45% growth in the health and protection market during the next three years. The affinity arm says it believes there is "untapped potential growth" in the health and protection market worth £223m.

- July: The insurer restructures its operations to form two arms: AIG Direct and AIG Affinity, which were previously known as UNAT Direct.

- August: AIG responds to the loss of its head of high net worth, Austyn Tusler, by revealing it will widen its footprint in this sector in 2006.

- September: AIG is reappointed as travel insurance provider for Opodo.

FACTS AND FIGURES 2005

UK GWP: £1.96bn

Regional offices (UK): 10

Worldwide offices: 400

Key personnel: Dan Glaser, managing director; Kelly Lyles, director of commercial lines; Mike Giblin, director of client management; Steve Eckhardt, claims; Nicola Maclennan, marketing

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: 1200

Major shareholders: AIG Europe (UK) is an appointed representative of New Hampshire Insurance, both of which are member companies of American International Group

Agency base: 1500

Direct arm: AIG Direct

Year established: Incorporated in the US in 1869 with limited liabilitySource: New Hampshire.

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