Best practice for Belt and Road megaprojects

Best practice for Belt and Road megaprojects

Best practice for Belt and Road megaprojects

The Belt and Road’s major infrastructure and energy projects stand to benefit from the support of risk and insurance partners during the lifecycle of a project, explains Brian Botkin, global head of multinational, global financial lines, AIG. China’s Belt and Road Initiative (BRI) continues to attract international attention and grab headlines. Determining exact figures for the vast macroeconomic initiative is…

Closing the protection gap

Closing the protection gap

Closing the protection gap

A more complex and interconnected global risk landscape is presenting businesses with new and emerging exposures. As companies expand into new or developing markets or alter their supply chains, sourcing goods and services overseas, a whole new plethora of risks opens before them and its understanding and mitigation is crucial for their success. For example, environmental risks remain a key…

AIG appoints new global head of multinational

AIG appoints new global head of multinational

AIG appoints new global head of multinational

AIG has appointed Allison Barrett as global head of multinational, general insurance. She is to join AIG on 9 December and will be based in New York. AIG said that in this new role, Ms Barrett “will drive the execution of general insurance’s multinational strategic plan and lead the worldwide delivery of the company’s multinational expertise and capabilities across product…

Two new senior leaders in AIG’s global specialty business

Two new senior leaders in AIG’s global specialty business

Two new senior leaders in AIG’s global specialty business

American International Group (AIG) has appointed two senior leaders in its global specialty business. Steve Eccles will join AIG as global head of aerospace, general insurance. James Langdon will join AIG as UK head of energy and construction, general insurance. According to AIG, Mr Eccles will be responsible for setting and driving business strategy for global aerospace and ensuring underwriting…

Cyber: A threat without borders

Cyber: A threat without borders

Cyber: A threat without borders

Most cyber attacks are multinational and show little regard for borders. As a result, cyber risk transfer is ideally suited to a multinational programme, explains Mark Camillo, head of cyber, AIG. The WannaCry ransomware attack was unprecedented in its scale when it spread around the world in 2017. It is estimated that around 200,000 computers were infected across 150 countries,…

AM Best affirms AIG’s ratings but warns improvement needed in general insurance

AM Best affirms AIG’s ratings but warns improvement needed in general insurance

AM Best affirms AIG’s ratings but warns improvement needed in general insurance

AM Best has affirmed the ratings of AIG and most of its subsidiaries with a stable lookout, but warned that failure to make improvements in general insurance could cause negative rating action. The ratings agency has affirmed AIG’s ‘bbb’ long-term issuer credit rating (ICR) and its A financial strength ratings. It has also affirmed the ‘a’ long-term ICRs of most…

The curious contradiction of M&A risk transfer

The curious contradiction of M&A risk transfer

The curious contradiction of M&A risk transfer

Mary Duffy, global head of M&A insurance at AIG, explains why it pays for risk managers to be front and centre during an acquisition or divestiture. Risk and insurance managers are central to placing international programmes, managing relationships with insurance and broking partners and coordinating the claims process. But it is a curious contradiction that the same is often not…

Only 14% of D&Os understand cover

Only 14% of D&Os understand cover

Only 14% of D&Os understand cover

Risk managers should help directors and officers better understand their D&O insurance cover, according to a report from Airmic and AIG. The results of Airmic’s annual survey suggest that further work is needed to ensure directors and officers are aware of the evolving threats they face and insurance they have in place. Only 14% of Airmic members were confident that…

Understanding choke points

Understanding choke points

Understanding choke points

Kristof De Bremme, global head of marine, AIG and Dr Robin Niblett, director, Chatham House explain how the growth of intra-regional trade is introducing new exposures and choke points as a result of increased volumes and changing geopolitics. Global trade has never been static but is now witnessing more change than ever, driven by a multitude of factors from the…

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