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Underwriting strength, lower cat losses, heavy share buybacks cap year

Peter Zaffino will step down as CEO by midyear and transition to executive chairman

The move follows reserve charges tied mainly to the company’s retail commercial insurance portfolio

The insurance icon discusses his new book, detailing his 50 years in the industry with AM Best

Newcomer is executive vice-president and chief information officer of Salesforce

The company announced a $1.4 billion dollar net loss for the year ended December 31

The global insurance company has operations in more than 80 countries and jurisdictions, including Bermuda

AIG’s new chairman, general insurance, David McElroy will focus on advancing client development, building relationships and underwriting excellence

Patricia Walsh will serve on the executive leadership team at AIG in New York

The cover will likely be effective when the Validus-RenaisaanceRe deal is concluded, according to a statement

Insurance giant American International Group has formed an independent managing general agency

American International Group made a $6 billion net loss, or $6.85 per common share, for the year, compared with a $3.3 billion profit in 2019. The loss was primarily driven by a $6.7 billion after-tax loss from the sale and deconsolidation of Fortitu...