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CEO: AIG 'on track' despite $183 million 1Q loss

By: Mark A. Hofmann

Published May 03, 2016 - 10:47am CST

Weak investment income, large catastrophe losses hurt insurer though analysts agree it's making progress in its turnaround.

Former AIG exec to head QBE's North American unit

By: Rob Lenihan

Published May 03, 2016 - 10:43am CST

Russell Johnston will succeed retiring executive David Duclos as CEO of QBE North America on May 31.

AIG profit misses expectations for 3rd straight quarter

By: Thomson Reuters

Published May 02, 2016 - 4:18pm CST

The insurer reported a lower-than-expected quarterly operating profit as income from underwriting and returns on investments declined.

AIG-driven venture targets small to medium enterprise market

By: Mark A. Hofmann

Published April 26, 2016 - 11:14am CST

AIG, Hamilton Insurance Group and affiliates of Two Sigma Investments will provide insurance for small to mid-sized companies.

Ryan Specialty hires former AIG specialty marine execs

By: Joyce Famakinwa

Published April 25, 2016 - 2:11pm CST

Two former AIG marine specialists have taken the lead at Ryan Specialty's new specialty marine underwriting manager, Safe Waters.

Insurers jostle for position in trying market

By: Gavin Souter

Published April 24, 2016 - 12:01am CST

Attractive insurance pricing is expected through 2016 as insurers reposition themselves in the commercial property/casualty market.

Innovation Awards key in on cyber security

Published April 18, 2016 - 12:01am CST

This week, in our Spotlight on Excellence video series, we take a closer look at the 2016 Business Insurance Innovation Award winners.

Cyber risks, consolidation pose challenges for directors and officers insurers

By: Mark A. Hofmann

Published April 13, 2016 - 11:22am CST

An increasing number of cyber incidents could create more cyber-related D&O actions going forward, Fitch Ratings said.

Endurance taps former AIG executive for Global Risk Solutions post

By: Rob Lenihan

Published April 12, 2016 - 2:01pm CST

Michael Nardiello will take a senior role with Endurance Specialty Holdings' large-account arm.

MetLife victory gives hope to other 'too big to fail' firms

By: Mark A. Hofmann

Published April 10, 2016 - 12:01am CST

A ruling that regulators were “arbitrary and capricious” in their decision to designate MetLife Inc. a systemically important financial institution is a major victory for insurers, but the battle continues.

U.S. to appeal MetLife financial oversight ruling

By: Mark A. Hofmann

Published April 08, 2016 - 10:12am CST

The federal government will appeal a federal judge’s ruling that MetLife Inc. should be removed from the government’s list of systemically important financial institutions.

MetLife defends SIFI designation challenge

By: Mark A. Hofmann

Published April 06, 2016 - 2:47pm CST

MetLife Inc. says it was not trying to weaken the Financial Stability Oversight Council through its legal challenge of being designated a SIFI.

Innovation Awards showcase risk management products, services

Published April 03, 2016 - 12:01am CST

This week, in our Spotlight on Excellence video series, we take a closer look at the 2016 Business Insurance Innovation Award winners.

Week in pictures

Published April 01, 2016 - 9:36am CST

SIFI challenges, man-made earthquakes, oil slicks and paperwork slip-ups top the Business Insuranceweek in pictures.

AIG mortgage insurance unit files for IPO of up to $100 million

By: Thomson Reuters

Published March 31, 2016 - 8:38am CST

(Reuters) — AIG said it would spin off the unit in an attempt to overhaul its structure in the face of pressure from investor Carl Icahn.

AIG CEO says MetLife ruling an opportunity for AIG

By: Thomson Reuters

Published March 31, 2016 - 8:25am CST

Peter Hancock says judge’s ruling in favor of MetLife opens the door for AIG to seek to shed SIFI designation.

Judge zaps designation that MetLife presents a systemic risk

By: Mark A. Hofmann

Published March 30, 2016 - 11:54am CST

A federal judge on Wednesday overturned the Financial Stability Oversight Council's designation of MetLife Inc. as a systemically important financial institution.

Property/casualty insurer profits slip

By: Mark A. Hofmann

Published March 27, 2016 - 12:01am CST

Commercial property/casualty insurers enjoyed a good if not outstanding year in 2015, but the prospects for 2016 are mixed.

Risk Management Summit 2016

Published March 25, 2016 - 12:01am CST

Scenes from the seventh annual Business Insurance conference.

AIG unit prevails in hurricane damage coverage dispute with oil firm

By: Judy Greenwald

Published March 23, 2016 - 2:44pm CST

Deductibles from damage related to Hurricane Isaac in 2012 at issue.

Money managers starting to buy cyber insurance

By: Rick Baert, Pensions & Investments

Published March 21, 2016 - 2:04pm CST

Money managers increasingly are buying cyber security insurance to supplement their technology security strategies to both combat data breaches and deal with repercussions if hackers do break in.

AIG units to pay SEC for steering clients to pricey fund shares

By: Thomson Reuters

Published March 15, 2016 - 11:25am CST

The three units — Royal Alliance Associates, Sagepoint Financial and FSC Securities — are on the hook for more than $9.5 million.

2016 Innovation Awards: Lexington Insurance Co.

By: Louise Esola

Published March 13, 2016 - 12:01am CST

The widespread use of robotics technology in many industries has created much confusion and ambiguity when an accident or incident occurs: Is it the result of an error arising from the manufacturer of the robotics hardware, firmware, software or artificial intelligence architecture? Is it a professional liability error or general liability loss?

2016 Innovation Award winners recognized

Published March 13, 2016 - 12:01am CST

The awards program was established to showcase innovative solutions that service providers are offering to solve problems faced by risk managers.

2016 Innovation Awards: American International Group Inc.

By: Mark A. Hofmann

Published March 13, 2016 - 12:01am CST

Partnership is key to American International Group Inc.'s approach to cyber coverage, and the ongoing expansion of partnerships with outside vendors to enhance its CyberEdge suite of loss prevention and mitigation services helped win the New York-based insurer a 2016 Business Insurance Innovation Award.

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