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16.12.25 - 11:06
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AIG Appoints Adam Clifford, Chief Executive Officer, International Commercial Insurance (Business Wire)
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NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Adam Clifford has been appointed Chief Executive Officer, International Commercial Insurance, effective January 5, 2026. In this role, Mr. Clifford will lead AIG's International Commercial Insurance underwriting, distribution and business teams across the United Kingdom and Europe, Middle East and Africa, Japan, Asia Pacific and Latin America, including Talbot, Global Specialty and Multinational. Based in London, he will report to Jon Hancock, Chief Executive Officer, General Insurance and will serve on the AIG General Insurance Executive Leadership Team.
Mr. Clifford is an accomplished executive with nearly 30 years of global insurance leadership experience. He joins AIG from Everest Insurance, where he served as Senior Vice President, Head of International Retail Insurance overseeing the UK, Europe, and Asia Pacific retail insurance business. Prior to Everest, Mr. Clifford held senior leadership positions at ...
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15.12.25 - 01:36
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AIG Appoints Scott Leney as Regional President, AIG Asia Pacific (Business Wire)
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NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today announced that Scott Leney has been appointed Regional President, AIG Asia Pacific. Mr. Leney will lead AIG's businesses in Australia, New Zealand, Singapore, Indonesia, Malaysia, Thailand, South Korea, Hong Kong, Taiwan, Vietnam, and the Philippines.
Mr. Leney has more than three decades of experience leading global risk teams in the Asia Pacific region. He joins AIG from Everest Insurance, where he served as Head of Asia Pacific overseeing business strategy and portfolios in Asia and the Pacific. Prior to Everest, Mr. Leney spent 25 years at Marsh McLennan in senior leadership roles, including Head of Risk Management for Marsh Asia & Pacific, CEO of Marsh Australia, and CEO of Marsh Pacific.
“Scott's extensive insurance industry experience and reputation across the Asia Pacific region makes him an excellent addition to AIG's International Commercial Insurance leadership team,” said Jon Hancock, Chief Executive Officer...
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04.12.25 - 05:15
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China′s Real Estate Collapse Sends Local Debt To Record $18.9 Trillion (ZeroHedge)
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China's Real Estate Collapse Sends Local Debt To Record $18.9 Trillion
Almost 20 years ago, when the Lehman/AIG collapse and the ensuing global financial crisis sent the world into a brief but acute depression, it was China's massive debt-fueled growth dynamo that kick started the world economy and lifted the globe out of what would have been a lost decade - if not worse. The one trade off to this historic kickstart: China ended up doubling its total debt, which then continued growing at an exponential rate until the covid collapse sent China's property sector - the biggest asset of its massive middle class - into a tailspin, and sparked a historic economic crisis. Only this time, because its total debt was already at 350% of GDP, Beijing no longer could wave a magic debt wand, inject a few trillions in credit, and make it all go away. Instead, the housing market has been in steady decline for the past 5 years and if anything, the decline has accelerated now that China's Vanke - the last r...
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25.11.25 - 17:12
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AM Best Assigns Credit Ratings to American International Reinsurance Global, Ltd. (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has assigned a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of “a+” (Excellent) to American International Reinsurance Global, Ltd. (AIRG) (Bermuda), a subsidiary of American International Group, Inc. (AIG). The outlook assigned to these Credit Ratings (ratings) is positive.
The ratings of AIRG reflect its balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, favorable business profile and appropriate enterprise risk management.
The ratings of AIRG also reflect the company's role as a reinsurer of affiliated international business, and the reinsurance, liquidity and other explicit and implicit support provided by other AIG entities. AIRG is expected to start assuming affiliated reinsurance in 2026. The positive outlooks are in line with the current outlook for AIG and its subsidiaries.
This press release relates to Credit Ratings that have been published on AM ...
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20.11.25 - 22:42
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Ex-Lloyd′s CEO Lost $17 Million AIG Job After Office Romance (Bloomberg)
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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....
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