Tagged in AIG

AIG Used to Be The Best Place to Work

AIG reported a net loss of $6.7B, or $7.33 per share, for the fourth quarter of 2017, compared to a net loss of $3B, or $2.96 per share, in the…

AIG to Acquire Validus for $5.56 Billion in Cash

AIG announced it has entered into a definitive agreement to acquire all outstanding common shares of Validus, provider of reinsurance, primary insurance, and asset management services. The transaction enhances AIG’s General Insurance business,…

AIG-Backed Startup Filed for Bankruptcy

It happened. Possibly the first US-based insurance-related startup to file for bankruptcy .   Here’s how it went down: NYC-based Human Condition Safety (HCS) was established in 2014 by Peter E Raymond and Oliver Rothauser….

Insurers With Innovation Units

Recall insurers with innovation units below . 

AIG Names Tom Bolt as Chief Underwriting Officer, General Insurance

AIG today announced that Tom Bolt will join the company as Chief Underwriting Officer, General Insurance. He will be responsible for developing a global framework for underwriting standards, authority and…

Brian Duperreault Declares 2018 ‘Year of The Underwriter'”

Yesterday AIG reported a net loss of $1.7B for the third quarter of 2017, compared to net income of $462M in the prior-year quarter. After-tax operating loss was $1.1B for the third quarter…

AIG Introduces Blackboard Brand, Seeking a Future BB’er

AIG is introducing Blackboard, the new brand name and logo for its technology-focused subsidiary, formerly operating under the Hamilton USA brand. Recall: AIG completed the acquisition of Hamilton USA on…

AIG Offers Travel Guard Products to United Airlines’ Customers

  AIG’s Travel Guard travel insurance products and services are now available on United.com and United’s mobile app . The program is part of a multi-year deal between AIG and United for AIG Travel…

Do You Like The Sound Of On Demand Dog Walker Insurance?

Meet Jauntin:   Think: an on demand insurance platform for the on demand world, starting with travel insurance that’s underwritten by AIG Canada . Tiny Print: Product not yet available. Also, according…

AIG Issues Statement on Financial Stability Oversight Council (FSOC) Decision to Remove SIFI Designation

AIG issued the following statement from AIG President and Chief Executive Officer Brian Duperreault regarding the Financial Stability Oversight Council’s decision to remove AIG’s designation as a Systemically Important Financial Institution (SIFI):   “I…

Blockchain Insurance Industry Initiative is Now 38 Members Strong

#B3i starts its market testing phase with 15 existing + 23 new participants with over 100 nodes https://t.co/s9B12p9stK — B3i (@B3i_tech) October 2, 2017   The Blockchain Insurance Industry Initiative…

AIG Restructures & Brian Duperreault’s Glassdoor Rating Drops 5 Points

AIG announced that it is planning to make changes to its organizational structure .   Brian Duperreault, AIG’s President and Chief Executive Officer, said: “These changes are designed to best…

AIG Reports Second Quarter 2017 Results

On August 2, 2017, AIG released its Q2, 2017 financials. In a nutshell…   AIG reported net income of $1.1 billion for Q2 2017, compared to $1.9 billion in the prior-year quarter,…

AIG Issues Its First Insurance Policy on Blockchain

On the subject of distributed ledgers, or better yet, what some consider a subject “bound to remain beyond the grasp of most people”, AIG announced it has issued its first blockchain-based…

Trump isn’t the only one visiting Israel

AIG Israel is celebrating 20 years in business and that’s a good enough reason for senior execs from AIG to visit Israel . And while they are at it, they…

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