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Week in pictures

Published February 05, 2016 - 11:06am CST

A crane falls in New York, the tab grows in Tianjin and Zurich and AIG make an encore appearance in the Business Insurance week in pictures.

Insurer mega-deals forecast to drop off

By: Judy Greenwald

Published February 04, 2016 - 11:09am CST

NEW YORK — No further mega-deals between major insurers are likely at this point, as buyers who can afford them are in shorter supply, says a securities analyst.

AIG: Splitting property and life business would hurt shareholders

By: Mark A. Hofmann

Published February 02, 2016 - 11:50am CST

Filing with SEC includes report showing how the loss of "diversification benefits" will hit return on investment.

AIG details improvement plan amid calls for strong action

By: Mark A. Hofmann

Published January 31, 2016 - 12:01am CST

With spinoffs and sell-offs unlikely to change its status as a systemically important financial institution right away, questions remain whether that's necessary.

Week in pictures

Published January 29, 2016 - 9:38am CST

While the East Coast was buried in snow, AIG and Zurich made moves to dig themselves out. That and more in Business Insurance's week in pictures.

U.S. utilities worry about cyber cover after Ukraine grid attack

By: Thomson Reuters

Published January 28, 2016 - 10:52am CST

A similar cyber attack in the United States would cripple utilities, leave millions of people in the dark and cost the economy more than $200 billion.

AIG property/casualty units downgraded by Moody's

By: Mark A. Hofmann

Published January 27, 2016 - 1:35pm CST

Moody's Investors Service announced its financial strength rating downgrade one day after AIG unveiled a plan to improve its performance.

AIG outlines plan to boost profitability, but bolder action may be required

By: Mark A. Hofmann

Published January 26, 2016 - 8:30am CST

CEO Peter Hancock lays out the insurer's plans to sell off mortgage and other businesses, but is AIG's strategy aggressive enough to satisfy activist investor Carl Icahn and other shareholders?

Analyst can't see case for reported AIG mortgage spinoff

By: Matthew Lerner

Published January 25, 2016 - 10:41am CST

"Close to useless" was one analyst's summary of a report that AIG intends to spin off its mortgage insurance unit.

Business Insurance reveals 2016 Innovation Awards winners

Published January 22, 2016 - 2:02pm CST

The 10 winners of our 2016 Innovation Awards are...

AIG ups global commercial property insurance limits to $2.5 billion

By: Mark A. Hofmann

Published January 19, 2016 - 9:42am CST

To demonstrate its growing appetite for property risk, AIG has increased its available global commercial property limits by $1 billion.

Activist investor renews call for AIG breakup in open letter

By: Mark A. Hofmann

Published January 19, 2016 - 9:38am CST

Investor Carl Icahn hasn't given up on his campaign to get AIG to split into three separate companies.

Zurich plucks AIG exec as corporate underwriting officer for North America

By: Mark A. Hofmann

Published January 06, 2016 - 11:53am CST

Zurich's latest hire is Don Pickens, the former senior vice president and chief risk officer of AIG's Global Commercial business.

AIG buys into wearable technology to mitigate risk, boost worker safety

By: Sheena Harrison

Published January 06, 2016 - 10:46am CST

Wearables are expanding far beyond the personal fitness tracker realm and AIG isn't sleeping on future opportunities.

Year in pictures

Published January 05, 2016 - 12:13pm CST

Disasters — natural and manmade — corporate mergers and missteps, actual and cyber attacks and millennial preferences top the Business Insurance year in pictures.

AIG appoints CEO for U.K. operations

By: Sarah Veysey

Published January 04, 2016 - 10:33am CST

American International Group Inc. continues to make management changes, the latest being the insurer's appointment of Anthony Baldwin as CEO of its U.K. operations.

Management shakeups, mergers create opportunity

By: Judy Greenwald

Published January 03, 2016 - 12:01am CST

Insurance industry consolidation and turmoil in the executive ranks of some insurers could result in an even softer directors and officers liability insurance market as displaced underwriters find new capital to back them, say observers.

2015 year in review

Published January 03, 2016 - 12:01am CST

From mergers and acquisitions to the widely loathed 'Cadillac' tax, Business Insurance takes a look back at the key insurance industry news stories of 2015.

2015 Women to Watch

Published December 22, 2015 - 12:01am CST

Meet the Class of 2015, the 10th year Business Insurance has recognized Women to Watch.

2015 marked by management shifts at biggest insurers

By: Mark A. Hofmann

Published December 20, 2015 - 12:01am CST

Management changes at the highest levels of some of the world's largest insurers emerged as one of the biggest stories of the year.

AIG attempts balancing act amid pressures

By: Mark A. Hofmann

Published December 20, 2015 - 12:01am CST

American International Group Inc. will have to balance shareholder demands for profit and client desires for more product innovation to emerge successfully from its current woes.

Week in pictures

Published December 18, 2015 - 10:24am CST

More questions for AIG, a "yes" for Willis and Towers Watson and catastrophes down under in the Business Insurance week in pictures.

Insurance industry urged to create diverse workforce

By: Gloria Gonzalez

Published December 17, 2015 - 1:06pm CST

And doing so will take change from within, AIG chief diversity officer tells the Business Insurance Women to Watch conference in New York.

Insurance industry urged to create diverse workforce

By: Gloria Gonzalez

Published December 17, 2015 - 1:06pm CST

And doing so will take change from within, AIG chief diversity officer tells the Business Insurance Women to Watch conference in New York.

Tossing leaders, units overboard may not right AIG's ship

By: Mark A. Hofmann

Published December 15, 2015 - 8:30am CST

AIG recently trimmed some of its fat, however, some analysts are skeptical that the insurer's latest changes will be effective solutions to its core problems.

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