AIG to terminate 14 voluntary deferred compensation plans

American International Group, Inc. said today that it is terminating 14 voluntary deferred compensation programs involving 5,600 employees and independent agents and representatives.

The group said that approximately $500m in earned but deferred pay will be distributed in the first quarter of 2009.

This deferred compensation is all pay that an individual earned but volunteered to

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How maritime insurers are helping shipowners decarbonise

Following the European Union’s Emissions Trading System coming into force for the maritime transport industry on 1 January, Fiona Nicolson explores how shipowners, operators and insurers have come to terms with the implications and effects of the new regulations.

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