AIG News

People News: MedRisk, Starr Companies, AIG, Arch Capital Group

MedRisk Promotes Ryan to CEO Mike Ryan has been promoted to chief executive officer and president of MedRisk, a managed care company specializing in physical rehabilitation within workers’ compensation. Founder Shelley Boyce is maintaining an active role as executive chairman. …

Americans Most Worried About Hacking Risk of Driverless Cars

U.S. residents are “polarized” on whether to embrace driverless cars, according to a survey by insurer American International Group Inc. The 1,000 people polled were almost equally split on whether they were comfortable sharing the road with autonomous vehicles, with …

Federal Regulators Remove AIG From Tougher Oversight

A panel of federal regulators has voted to remove insurance giant American International Group from the tougher government oversight that had been imposed on the company in the wake of its near collapse in 2008. The Financial Stability Oversight Council …

Business News: AIG, Allianz, Aon

AIG Announces Changes to its Organizational Structure American International Group, Inc. announced it’s plan to make changes to its organizational structure. The company will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter …

Industry Offers Donations, Free Tools to Victims of Hurricane Harvey and Irma

Nearly three weeks after Hurricane Harvey caused massive flooding in Texas and a week after Irma began taking aim at Florida, insurers and vendors are offering aid to hurricane victims in various ways. Recent reports estimate flood damage resulting from …

People Moves: Navigators, EMC, AIG

Ryan Appointed President, Navigators Specialty Casualty Tim Ryan has been promoted to president, Specialty Casualty. In his new role, he will be responsible for strategy and execution of Navigators’ Specialty Casualty product offerings in the wholesale market space. Ryan, who …

People News: Marsh, PDC, AIG

Marsh Appoints Durvasula Chief Digital Officer, Chief Data Analytics Officer Marsh announced the appointment of Sastry Durvasula to the newly created role of chief digital officer and chief data & analytics officer, effective August 14, 2017. He will be based …

People News: Gallagher Bassett, AXIS

Gallagher Bassett Appoints Wright as Executive Director Personal Injury Darrin Wright has been appointed to the newly established position of executive director personal injury, effective July 1, 2017. Based in Adelaide, Wright will drive product management, integrity and consistency across …

AIG: Systematic Cyber Attacks Likely in 2017

Nine in 10 global cyber security and risk experts believe that cyber risk is systemic and that simultaneous attacks on multiple companies are likely in 2017, according to a study issued last month by American International Group, Inc. More than …

AIG: Large M&A Deals Can Lead to Costly Insurance Claims

The frequency of M&A insurance claims is rising as large deals prove risky and the average payout on the most severe category of claims tops $20 million, according to an American International Group, Inc. study of its representation and warranty …