American International Group Inc., the insurer stung by losses on higher-than-expected claims costs, said Swiss Re AG has agreed to take on some of the company’s risks tied to casualty policies. The two-year reinsurance deal will help AIG be more …
Hiscox Expands Terrorism Coverage Hiscox, an international specialist insurer, announced that they have enhanced their stand-alone Terrorism portfolio adding new products covering property damage due to malicious attacks utilizing nuclear, chemical, biological and radiological (NCBR) devices. Hiscox NCBR policies offer …
Giant insurer American International Group Inc. is betting on new technology, artificial intelligence and connectivity to give companies more control over workers in risky jobs and make workplaces safer and more efficient. AIG, which is one of the world’s largest …
American International Group, Inc. announced the formation of a new Executive Leadership Team, designed to execute the company’s strategic priorities and provide value to its approximately 90 million clients around the world. “Our new management structure will ensure we have …
Activist investor Carl Icahn urged American International Group Inc. to split up into smaller companies Wednesday, saying that the insurance provider is “too big to succeed.” Though his Twitter account, Icahn said that he has a “large stake” in the …
American International Group recently announced that it has acquired a minority stake in K2 Intelligence, an investigative consultancy. The companies have agreed to co-develop products and services that support AIG’s efforts to help clients mitigate and manage their cyber risk, …
USAA and AIG are the latest insurers to gain Federal Aviation Administration approval to test drones. USAA wants to research how the unmanned aerial vehicles could speed review of insurance claims following natural disasters. State Farm previously announced it had …
She bought draperies flecked with Swarovski crystals. The ceiling mural at her “Gone with the Wind”- inspired mansion featured her family in robes, gazing down from the heavens. And Claire Risoldi’s grand Republican fundraising soirees included the time she surprised …
American International Group Inc. is stripping a claims adjuster in Syria from a list given to shipping-industry clients after a U.S. regulator questioned a rival about relationships in blacklisted nations. “The individual in Syria is not an employee or agent …
American International Group, Inc. announced that it has expanded excess casualty liability limits for Class 1 railroads in the U.S. and Canada to $1 billion per occurrence. This coverage for catastrophe losses would be in excess of $1.5 billion in …