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AIG sells majority stake in managing general agent

By: Joyce Famakinwa

Published August 08, 2016 - 12:07pm CST

The insurer has agreed to sell a controlling stake in NSM Insurance Group to private equity investment firm, ABRY Partners.

The BI Top 10

Published August 05, 2016 - 10:23am CST

This week's top stories include a big Hartford acquisition and a list of costly drugs that will be denied coverage by the nation's largest PBM.

AIG uptick

Published August 05, 2016 - 9:30am CST

If the second quarter is any indication, AIG's strategic overhaul is working. That, health care mergers and more top the Business Insurance week in pictures.

AIG shows signs of turnaround with profit increase

By: Rob Lenihan

Published August 03, 2016 - 11:39am CST

The insurer's higher second-quarter profit may signal a turning point in its efforts to revamp operations and improve results, analysts say.

AIG profit beats estimates on lower costs, shares rise

By: Thomson Reuters

Published August 02, 2016 - 4:17pm CST

AIG reported an operating profit that beat analysts' estimate, driven by lower costs and strong underwriting during the quarter.

AIG unit wins coverage dispute over crime policy

By: Judy Greenwald

Published August 01, 2016 - 1:22pm CST

A firm failed to show that forged letters of credit involved “unlawful taking” under its commercial crime insurance policy, a court says.

Insurers' counteroffensive touts lower costs, sufficient choice

By: Shelby Livingston

Published July 31, 2016 - 12:01am CST

Immediately following the U.S. Justice Department's July decision to fight the billion-dollar mergers of Anthem Inc. and Cigna Corp., as well as Aetna Inc. and Humana Inc., the insurers launched a counterattack.

Aetna-Humana on again?

Published July 29, 2016 - 9:02am CST

Business Insurance week in pictures starts off with hope for the Aetna-Humana merger and ends with Han Solo's alter ego.

AIG adds Brexit coverage to D&O policy

By: Judy Greenwald

Published July 28, 2016 - 12:48pm CST

The free add-on will cover the cost of executive legal challenges associated with the U.K.'s vote to leave the European Union.

AIG unit must reimburse policyholder for oil field accident settlement

By: Judy Greenwald

Published July 27, 2016 - 2:18pm CST

Wyoming law bans oil and gas firms from shifting liability to others, but didn't absolve an insurer from reimbursing a drilling company.

AIG offers cyber insurance for property and liability risks

By: Joyce Famakinwa

Published July 19, 2016 - 1:54pm CST

American International Group Inc. on Tuesday said it has launched a stand-alone primary cyber insurance policy for property and liability exposures.

Heavy 2015 M&A activity drove legal malpractice claims increase

By: Judy Greenwald

Published July 15, 2016 - 2:07pm CST

Legal malpractice claims increased in both frequency and severity last year, according to a survey issued by specialty broker Ames & Gough.

The BI Top 10

Published July 15, 2016 - 10:51am CST

A health care insurer shutdown and soon-to-come decisions over health insurer mergers are among our most read features.

Former Risk Manager of the Year Ewing moves to new post

By: Mark A. Hofmann

Published July 14, 2016 - 10:08am CST

Lance J. Ewing has joined Cotton Holdings Inc. as executive vice president of global risk management and client services.

AIG names CEO for France

By: Sarah Veysey

Published July 11, 2016 - 8:46am CST

Christophe Zaniewski has been appointed CEO of American International Group Inc. in France, the insurer announced Monday.

The BI Top 10

Published July 08, 2016 - 10:22am CST

A dispute over TV show production delays and massive payouts for health insurers lead Business Insurance's top 10 most read features.

Property/casualty groups hail firm's removal from SIFI list but want more

By: Mark A. Hofmann

Published June 29, 2016 - 11:48am CST

Property/casualty insurance groups say they are pleased with the Financial Stability Oversight Council's decision to remove GE Capital Global Holdings L.L.C. from its list of “systemically important financial institutions.”

Marsh & McLennan unit opens new actuarial office

By: Joyce Famakinwa

Published June 28, 2016 - 1:39pm CST

The actuarial practice of Oliver Wyman Group said Tuesday that it has opened a Dallas-based office, its second in Texas.

Florida nightclub shooting

Published June 17, 2016 - 12:01am CST

The mass shooting in Orlando, Florida, and the security issues arising from it are among the Business Insurance week in pictures.

The BI Top 10

Published June 17, 2016 - 12:01am CST

Marsh severance benefits dispute and health savings account business exits are among Business Insurance's top 10 most read features.

Lack of cyber risk data hampers captive underwriting

By: Donna Mahoney

Published June 16, 2016 - 10:40am CST

SOUTHAMPTON, Bermuda — The increase in the number of captive insurers that cover cyber risk has been slow due in part to a lack of data to define and assess the risk.

Activist investors putting AIG under the microscope

By: Thomson Reuters

Published June 15, 2016 - 4:13pm CST

Investors Carl Icahn and John Paulson are making AIG more transparent, president and CEO Peter Hancock says.

EX-AIG exec joins Everest Re

By: Joyce Famakinwa

Published June 15, 2016 - 12:12pm CST

Everest Re Group named Marty Scherzer head of its structured solutions unit, the company said.

AIG, Caremark to pay millions for alleged coverage misrepresentation

By: Judy Greenwald

Published June 15, 2016 - 11:37am CST

Recipients of the $310 million settlement said AIG and Caremark failed to provide them with info about an excess liability policy.

GOP call to end SIFIs raises question of who will mind the store

By: Mark A. Hofmann

Published June 13, 2016 - 3:34pm CST

The Financial CHOICE Act would replace the Dodd-Frank Wall Street Reform and Consumer Protection Act.

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