White Mountains Solutions Holding Company has signed a definitive agreement for acquisition of a runoff subsidiary of US insurer, American International Group (AIG). As part of the agreement, White Mountains will acquire American Fuji ...
The US Department of Treasury is likely to sell the remaining nearly 234.2 million shares of American International Group(AIG)common stock,in a public offering,marking end of government ownership of the company. Following the completion ...
Tags: AIG, government, common stock, financial crisis
Core system software provider to property/casualty(general)insurers,Guidewire Software has appointed John Cavoores as a director to its board. Guidewire Software chief executive officer Marcus Ryu said Cavoores earlier served as an ...
Tags: core system software, Guidewire Software, P&C industry, insurance
American International Group,Inc.(AIG)has entered into an agreement with an investor group led by the chairman of New China Trust Co,Weng Xianding,to sell up to 90%stake in International Lease Finance Corporation(ILFC). The investor ...
Bailed out US insurer American International Group (AIG) is creating hassels to prevent attempts by US homeowners to refinance their government-backed mortgages. AIG is reluctant to automatically waive its right to pursue lenders for ...
Tags: American International Group, government-backed mortgages, underwriter
Miravast, a risk management firm has appointed former senior vice president and chief life actuary of AIG/Chartis Risk Solutions David Beckelman as its chief financial officer and chief actuary. Miravast president Bill Taylor said ...
Tags: Miravast, financial officer, David Beckelman
Crawford & Company has promoted Mauricio Alonso as the chief executive officer (CEO) of the company's Latin American and Caribbean operations. Since March 2005, Alonso was acting as a senior vice president and regional managing director ...
Tags: Crawford, Latin American, Mauricio Alonso
Supplemental health insurance provider, Aflac has appointed John Harmeling as new senior vice president of worksite marketing. The move will develop and implement programs to help the company's agents and brokers deliver enhanced ...
Tags: health insurance, Aflac, John Harmeling, new senior vice president
American International Group (AIG) has signed a multi-year renewal agreement with Best Buy to further expand its role as the Geek Squad Protection plans provider in US. Under the renewal agreement, AIG will continue to serve as Best Buy's ...
Tags: American International Group, Geek Squad Protection plans, Best Buy
American International Group (AIG) has reported 27% rise in net income attributable to AIG, which was $2.3bn for the second quarter of 2012, compared to $1.8bn during the same period last fiscal. For the latest quarter period, the ...
Tags: American International Group, net income, operating income
American International Group (AIG) has reported a net income of $3.2bn, or $1.71 diluted earnings per share, for the first quarter of 2012, compared to $485m, or $0.31 diluted earnings per share, for the same period in 2011. AIG's ...
Tags: American International Group, net income, property insurance
Global professional services company Towers Watson has named Christof Bentele and Chris Holt to lead its new Crisis Management team, marking its foray into crisis management market. The new team has been designed to develop expertise in ...
Tags: Towers Watson, Christof Bentele, Chris Holt, Crisis Management team
American International Group (AIG) and its affiliates have approved to disburse nearly $146.5m to all 50 states and the District of Columbia to settle a workers compensation premium dispute. Florida Insurance Commissioner Kevin McCarty, ...
Tags: American International Group, insurance, compensation premium dispute
The US Department of the Treasury has launched an underwritten public offering of $18bn of its American International Group (AIG) common stock, of which AIG is likely to purchase $5bn of the stock at the initial public offering price. The ...
Tags: Treasury, American International Group, underwriters, sale of securities
US based diversified conglomerate Berkshire Hathaway has agreed to acquire Spain based Caixabank's life insurance operation, VidaCaixa, in a deal valued at EUR600m. The seller will get EUR524m pretax gain following the completion of ...
Tags: Berkshire Hathaway, acquire, life insurance, Spain, insurance operations