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Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines

Air India’s Ahmedabad Crash:Re/insurers clear $125 million claims for AI’s Hull and engines

by AIP Online Bureau | Jul 30, 2025 | Indian News, Non-Life, Reinsurance

Indian reinsurer GIC Re had said Air India’s Ahmedabad crash claim likely to hit a total of $475 million including  $350 million of liability claims involving the compensation amount for 270 people who lost their lives due to the mishap London/Mumbai: Global...
Former Lloyd’s CEO John Neal to join AIG as President

Former Lloyd’s CEO John Neal to join AIG as President

by AIP Online Bureau | Jul 16, 2025 | International News, Non-Life

John Neal, President-designate, AIG In this role, Neal will report to chairman & CEO, Peter Zaffino and lead AIG’s General Insurance organization, which includes the North America Commercial Insurance, International Commercial Insurance and Global Personal...
Aviva to buy AIG’s UK life insurance business for $563 million

Aviva to buy AIG’s UK life insurance business for $563 million

by AIP Online Bureau | Sep 26, 2023 | International News, Life

The transaction will add 1.3 million individual protection customers and 1.4 million group protection members, Aviva said, with the deal expected to close in the first half of 2024, subject to regulatory approvals. London: Aviva said on Monday it had agreed to buy the...

AXA and AIG may exit UK life biz

by AIP Online Bureau | Jul 20, 2023 | International News, Life, Reinsurance

Dealmaking in insurance has remained relatively buoyant despite a broader slowdown in mergers and acquisitions, as insurers continue to streamline their operations and exit business lines to reallocate capital to their focus areas London: Two of the world’s largest...
Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia

Allianz ropes in AIG’s Christian Sandric as commercial managing director Asia

by AIP Online Bureau | Jul 10, 2023 | International News, Non-Life, Reinsurance

Christian Sandric In Asia, Allianz is targeting significant growth opportunities across the full Commercial segment which entails mid-sized companies, large multinational corporations and specialty business leveraging its extensive geographical network, enhanced...
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