AIG

AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC

Auto Insurance /
AIG Announces Strategic Investment Partnership of Up to $3.5B With CVC

American International Group (AIG) announced a strategic partnership with global private markets firm CVC. The partnership, announced Jan. 19, includes the establishment of large-scale separately managed accounts (SMAs) across CVC’s credit strategies, for which AIG will allocate up to $2 billion. An initial $1 billion will be deployed this year, AIG said. The partnership also […]

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AIG CEO Zaffino to Transition to Executive Chair, Replaced by Aon’s Andersen

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AIG CEO Zaffino to Transition to Executive Chair, Replaced by Aon’s Andersen

Peter Zaffino American International Group said on Tuesday CEO Peter Zaffino will step down by mid-year and move into the role of executive chair of the board. It named insurance industry veteran Eric Andersen as its new president and CEO-elect to replace Zaffino, effective February 16. Eric Andersen Andersen most recently served as a member

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AIG Partners With Amwins, Blackstone to Launch Lloyd’s Syndicate Using Palantir

Auto Insurance /
The Danger of Humans and Machines Hallucinating Together

American International Group (AIG) said it has teamed up with specialty insurer Amwins and asset manager Blackstone to launch a Lloyd’s syndicate, using its relationship with Palantir to assist in assessing the portfolio. AIG said Syndicate 2479 will start underwriting $300 million in premium, managed by AIG’s Talbot Underwriting, on Jan. 1. The portfolio is

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AIG Appoints Clifford From Everest as CEO, International Commercial Insurance

Life Insurance /
AIG Appoints Clifford From Everest as CEO, International Commercial Insurance

AIG Appoints Clifford From Everest as CEO, International Commercial Insurance American International Group (AIG) announced that Adam Clifford has been appointed chief executive officer, International Commercial Insurance, effective January 5, 2026. Adam Clifford In this role, Clifford will lead AIG’s International Commercial Insurance underwriting, distribution and business teams across the United Kingdom and Europe, Middle

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AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1

Auto Insurance /
AIG Gets Approval to Acquire Everest Renewals in 6 EU Countries – in Time for Jan. 1

AIG announced it has received approval to proceed with the acquisition of Everest Group’s renewals in Germany, France, Italy, Netherlands, Spain and Ireland. The European Union deal is part of AIG’s $2 billion acquisition of Everest’s retail commercial insurance renewal rights, initially announced in October. Starting January 1, 2026, Everest renewals in these six countries

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AIG to Pay Neal $2.7 Million to Cover Previous Firm’s Bonus

Auto Insurance /
Lloyd’s Probing Conduct of Ex-CEO Who Had Been Set to Join AIG

American International Group Inc. will hand a multimillion-dollar payout to insurance executive John Neal, even as the executive’s employment ended before he joined the firm. The insurer will pay Neal $2.7 million to compensate for “foregone incentives at his former employer,” the company said in a filing Friday. AIG withdrew its employment offer to Neal,

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Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

Health Insurance /
Former AIG, BHSI, Lloyd’s Executive Tom Bolt Dies

Well respected insurance veteran Tom Bolt has died, one of his former employers announced on Friday. “Tom was a highly accomplished insurance executive, who was deeply respected and widely admired in the global business community,” American International Group (AIG) said in a statement. Tom Bolt Bolt retired in 2024—after more than 40 years in insurance—from

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AIG to pay Neal $2.7m

Home Insurance /
Neal no longer joining AIG

Payment to cover Neal's 'foregone incentives' at Lloyd's after agreement to no longer join AIG as president       Related Stories Gallagher Re chair Paddy Jago to retire Daily Digest: London D&F market under pressure, P&I pool claims increase, Moody’s tallies SCS losses Gallagher Re chairman Paddy Jago to retire  

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Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance

Health Insurance /
Ex-Lloyd’s CEO Lost $17 Million AIG Job After Office Romance

American International Group Inc.’s announcement last week that it was parting ways with incoming President John Neal stunned insurance industry observers and raised questions about what caused the veteran executive to lose a $17 million job before he’d even started. This week, they got an answer. Lloyd’s of London, the giant insurance marketplace where Neal

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