Commercial Lines

A top American International Group official said the company made a "tragic" but necessary move last week in creating a corporate entity housing AIG's healthy property-casualty operations separately

American International Group today reported a loss of $61.7 billion for the fourth quarter of 2008--one of the largest ever recorded by a public company. At the same time, in coordination with the

FCCI Insurance Group, a Sarasota, Fla.-based commercial property and casualty insurance writer, said it has acquired the 20 percent of Brierfield Insurance Company of Jackson, Miss., it did not own

AIG Environmental, a unit of AIG Commercial Insurance, is a pollution liability provider. Mr. Johnston will replace Joseph Boren, who has left the company. He will report directly to John Q Doyle,

Kevin H. Kelley has left his post as chief executive officer of American International Group's Lexington Insurance Company and president of AIG Domestic Personal Lines to become CEO of Ironshore Inc.

NEW YORK--An executive with an American International Group subsidiary denied suggestions today that the company is holding onto business by engaging in aggressive price cutting that is prolonging the

Agencies of the Year' focused on cost of risk, not price of coverage

During a Risk and Insurance Management Society webinar titled "AIG: An Update On The Latest Strategic Developments," John Doyle president and chief executive officer of AIG Commercial Insurance, said