‘Lifestyle’ insurance start-up set for launch
An AIG-backed life insurance tool that uses ‘behavioural science and artificial intelligence’ is to be rolled out later this year.
AIG Group
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Nine insurers identified as globally systemically important
The Financial Stability Board has named Aegon, Aviva, and Axa among nine global insurance firms identified as systemically important financial institutions (SIFI).
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AIG agrees to sell Japanese life insurance unit to FWD
American International Group (AIG) has agreed to sell its Japanese life insurance business to one of Asia’s most prominent insurers FWD Group for an undisclosed sum.
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PEOPLE MOVES: AIG Singapore, Deutsche Bank, Generali, Thesis
Former Axa head Michael Bishop joins AIG Singapore’s board of directors, while Deutsche Bank hires a new chief governance officer. Generali Real Estate chief executive Christian Delaire resigns and asset management firm Thesis appoints Mike Hughes as a non-executive director.
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Axa taps e-commerce firm to expand Africa insurance offering
Insurance and asset management firm Axa is set to become the exclusive provider of insurance products and services through Africa Insurance Group’s (AIG) online retail firm Jumia, as well as via the group’s other online mobile platforms in Africa.
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aig names Hancock as chief executive
American International Group has named Peter Hancock as chief executive to succeed Bob Benmosche, who steered the giant insurer after it came close to collapse in 2008 during the height of the financial crisis.
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Zurichs global life ceo hogan rehired by aig
Kevin Hogan, chief executive of Zurich Insurance Group’s Global Life division, is leaving the company after five years to return to American International Group, where he will run its global consumer insurance business in emerging markets.
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aig exits hk with sale of aia stake
US insurer AIG has sold its remaining 13.7% stake in AIA Group, finally exiting the business it founded in Hong Kong nearly a century ago.
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coutts fined by fsa over aig product sales
Coutts & Co has been fined by the Financial Services Authority over products it sold linked to AIG.
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Prudential overestimated failed AIA bid cost
Prudential overestimated the cost of its failed bid to buy Asian insurance giant AIA.
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Prudential finally launches delayed rights issue
UK insurance giant Prudential managed to launch its delayed £14.5bn rights issue today, to buy AIA.