The Firemans Fund commercial P&C business will be integrated into Allianz Global Corporate & Specialty, the global corporate insurance company of Allianz.
AIG CEO Peter Hancock on Thursday announced the new leadership structure for the company, which is designed to integrate the company and position it to deliver the full capabilities of AIG to its approximately 90 million clients around the world.
Liability claims have been lower than expected in recent years, boosting insurers' profitability despite declining liability prices, according to Swiss Re's latest sigma study.
The historic domination of the U.S. in terms of overall share of M&A in the industry has slipped as Europe has taken pole position in the volume of transactions completed, according to the latest Global M&A report from Clyde & Co