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AIG

American International Group (AIG) in July 2019 announced that it has appointed Jennifer Waldner to the newly created a position of Chief Sustainability Officer. She will lead the development and implementation of a company-wide sustainability strategy, reporting to Thomas B. Leonardi, AIG’s Executive Vice President and Vice Chair, AIG Life Holdings. Ms. Waldner will lead a “cross-functional team to drive global sustainability initiatives while influencing and mobilizing the execution

AIG has named Adam Winslow as Interim Chief Executive Officer of its global Life Insurance business, effective in June 2019. He is based in London, UK; Nashville, TN; and Houston, TX, and is responsible for AIG’s global life business (US and international). He also is a member of AIG’s Life and Retirement Executive Team. Winslow has been with AIG since 2013 when he was brought on board as Executive

American International Group (AIG) in March 2019 announced the appointment of Betsy Palmer as Senior Vice President and Chief Marketing Strategy, Communications and Industry Leadership Officer, AIG Life & Retirement. She will be based in New York and will report to Kevin Hogan, Chief Executive Officer, Life & Retirement, as a member of the Life & Retirement Executive Team. Ms. Palmer will assume responsibility for all marketing, communications, stakeholder

Adam Winslow in January 2019 was elected Chairman of the Board of the AIG Global Benefits Network (AIG GBN) pooling network, succeeding Frank Schmid who remains a member of the Board while assuming new responsibilities within AIG. Adam in June 2018 became CEO, International Life and Retirement at AIG, a position he retains. Earlier, Adam held positions at AIG in France, South Africa, and the UK, both in life

American International Group (AIG) in January 2019 named Edward Levin global head of accident and health (A&H), general insurance. He is based in London, UK, and reports to Christopher Townsend, CEO of AIG International General Insurance. Levin joins AIG from Chubb where he served most recently as Group Digital Business Officer, and earlier as Division President of International A&H. Previously he spent four years at ACE Europe as Executive

Adam Winslow in January 2019 was elected Chairman of the Board of the AIG Global Benefits Network (AIG GBN) pooling network, succeeding Frank Schmid who remains a member of the Board while assuming new responsibilities within AIG. Adam in June 2018 became CEO, International Life and Retirement at AIG, a position he retains. Earlier, Adam held positions at AIG in France, South Africa, and the UK, both in life

French social protection group (SPG) Malakoff Médéric Humanis (MMH) in January 2019 arose from the merger of the two former Malakoff-Médéric and Humanis SPGs. As the new French market leader in group life and health insurance (market share 17%), MMH has 426,000 corporate clients with 10 million people insured. Furthermore, it is the recommended employee benefits provider for 93 professional sectors, a significant competitive advantage. In pensions, MMH has

American International Group (AIG) in December 2018 announced that it has completed the acquisition of Ellipse, a specialist group life, critical illness and income protection carrier in the UK, from Munich Re. Ellipse CEO Lee Lovett reports to Adam Winslow, CEO, International at AIG Life & Retirement. AIG expects Ellipse’s expertise in group protection and its technology to significantly enhance existing AIG Life operations. AIG Life will now distribute

AIG Life Limited (UK) in December 2018 announced the appointment of Philip Willcock as CEO, effective March 1, 2019. He will be based in London and report to Adam Winslow, CEO, International, Life & Retirement. Willcock spent over 20 years with Aviva holding various senior positions in the UK life & health businesses. Most recently, he was CEO and President of Aviva’s joint venture in Indonesia and CEO of

AIG in October 2018 received approval from British courts for its European subsidiary, AIG Europe Limited (AEL) to transfer its business into two new entities: American International Group UK Limited (AIG UK), based in London, UK, and AIG Europe SA (AESA) in preparation for Brexit. AESA’s headquarters are in Luxembourg City, Luxembourg, and has 21 branches across the European Economic Area and Switzerland. It is led by Christophe Nicolas

American International Group (AIG) in September 2018 acquired Glatfelter Insurance Group, a Pennsylvania-based full-service broker and insurance company that provides services for specialty programs and retail operations. Headquartered in York, Pennsylvania, Glatfelter “brings high-quality program underwriting capabilities that will accelerate the strategic positioning of AIG’s general insurance business,” AIG said in a statement. Glatfelter is a large privately owned U.S. insurance broker and has more than 500 employees. Its

Insurer – Country of Destination – Date Announced – Source MS Amlin – Brussels – 28 June 2017 – Press release Lloyd’s of London – Brussels – QBE – Brussels – CNA Hardy – Luxembourg – RSA – Luxembourg – AIG – Luxembourg – FM Global – Luxembourg – Hiscox – Luxembourg – Liberty Mutual, Special Markets – Luxembourg – Admiral – Dublin – Beazley – Dublin – Chesnara –

AIG in August 2018 announced the appointment of Thomas Lillelund as CEO of AIG Europe, based in Luxembourg and reporting to Chris Townsend, CEO, International General Insurance. He will be responsible for Continental Europe and Ireland. Anthony Baldwin, now CEO of AIG Europe Limited, will become CEO of AIG’s new UK entity, American International Group UK Limited, and will continue to report to Townsend. Headquartered in Luxembourg, AIG Europe

American International Group (AIG) and Munich Re in June 2018 announced that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection products, which include life, critical illness and income protection, along with its technology-enabled business model with high levels of straight through processing (STP),

AIG Life & Retirement, a division of AIG, in June 2018 announced the appointment of Adam Winslow as CEO, International. Winslow is now CEO of AIG Life Limited (U.K.), where he has led the business since its acquisition by AIG in 2015. In his new role, Winslow will lead AIG Life and Laya Healthcare in Ireland. He will also support potential further international expansion opportunities. Adam will continue to

AIG, after reaching agreement on the two largest plan termination transactions of 2017, in June 2018 announced that it has further expanded its presence in the pension risk transfer market. The two transactions, entered into by American General Life Insurance Company, part of AIG’s Life & Retirement business, represented over $1.5 billion in pension plan obligations covering more than 24,000 retirees, beneficiaries, deferred and active members. Pension risk transfer

The AIG Global Benefits Network Annual Partners meeting was held on 14 September 2017, in Paris, France. The meeting focused on AIG’s global strategy, with extensive discussion on the effects of the global economy on the insurance industry.

In the wake of Brexit, AIG in April 2018 announced it has established and received authorization for new insurance companies in the U.K. (American International Group UK Limited) and Luxembourg (AIG Europe S.A.). AIG Europe S.A. will have branches across the European Economic Area and Switzerland. The existing carrier, AIG Europe Limited, will transfer all of its existing insurance business to the new entities well ahead of the U.K.

AIG in December 2017 became the sole owner of the AIG Global Benefits Network (AIG GBN). By way of background, through one of its units, AIG in mid-2015 had acquired a controlling 50%+1 stake in the former ING network. Two years later, the two minority shareholders of AIG GBN, Malakoff-Médéric of France and NN (formerly ING) of The Netherlands, sold their respective stakes. The move confirms AIG’s commitment to

Tokio Marine HCC in October 2017 acquired the medical stop-loss operations of AIG through its wholly owned U.S. subsidiary, HCC Life. The deal includes renewal rights, inforce business and employees.  The acquired operations produce gross written premium of approximately $350 million and increase Tokio Marine HCC’s medical stop-loss business to over $1.3 billion of premium, making it one of the top three largest players in the medical stop-loss industry,

American International Group (AIG) in September 2017 announced changes to its organizational structure. AIG will no longer have Commercial and Consumer segments, and will transition to: General Insurance, led by Peter Zaffino, currently Group COO, as CEO; Life & Retirement, led by Kevin Hogan, currently CEO of Global Consumer Insurance, as CEO; and a stand-alone, technology-enabled platform, led by Seraina Macia as its CEO. The platform “aims to transform

American International Group in August 2017 appointed Peter Zaffino as Executive Vice President, Global Chief Operating Officer, reporting to CEO Brian Duperrault. Zaffino joins AIG after serving as Chief Executive Officer of Marsh, a subsidiary of Marsh & McLennan Companies (MMC) and as Chairman of the Risk and Insurance Services segment of MMC. He was also a member of MMC’s Executive Committee. Brian Duperreault, who joined AIG in May

American International Group in May 2017 announced the appointment of Brian Duperreault as President, Chief Executive Officer and Director. Duperreault previously served as Chairman and CEO of Hamilton Insurance Group, a Bermuda-based holding company, with property and casualty insurance and reinsurance operations in Bermuda, the U.S. and the UK. Prior to this, he was President and Chief Executive Officer of Marsh & McLennan Companies. Before joining Marsh, he served for two years as non-executive Chairman of ACE,

American International Group (AIG), IBM, and Standard Chartered Bank, in June 2017 announced they have successfully piloted the first multinational “smart contract”-based insurance policy using blockchain, a distributed ledger technology. The three parties chose to execute this initiative in one of the most complicated areas of commercial insurance – multinational risk transfer – to better understand blockchain’s potential to reduce friction and increase trust in other areas of the

FWD Group in May 2017 announced it had completed the acquisition of American International Group (AIG)’s Japanese subsidiary AIG Fuji Life Insurance Company. The acquired business intends to trade as FWD Fuji Life Insurance Company. It is to be led by current AIG Fuji Life CEO Norio Tomono, reporting to Huynh Thanh Phong, FWD Group’s CEO. AIG Fuji Life Insurance Company is the AIG Global Benefits Network partner in

Global Bankers Insurance Group, the insurance and reinsurance division of Eli Global, in April 2017 acquired Luxembourg insurance company NN Life Luxembourg, a subsidiary of NN Group of The Netherlands. According to George Luecke, Vice Chairman and Co‐Chief Executive Officer of Global Bankers, the deal is part of their strategic expansion in Europe and follows on the acquisition of a portfolio of in‐force life and annuity insurance policies from

Peter D. Hancock, President and Chief Executive Officer of American International Group (AIG), has announced his intention to resign after the insurance giant posted a disappointing quarterly loss of $3 billion. As AIG’s fifth chief executive since 2015, he will remain in his position until a successor is found. A graduate of the University of Oxford, Hancock was the vice-chairman of KeyCorp during the financial crisis of 2008. Upon