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Zurich said the business will be combined with its travel insurance provider Cover-More Group and will expand its footprint in the US

Zurich Insurance buys AIG travel business in $600m deal

Zurich Insurance has today announced a $600m deal to buy AIG's global personal travel insurance and assistance business.

Business • 26 Jun 24

Aviva completes the £453m acquisition of AIG's UK life insurance business

Aviva completes takeover of AIG's UK life insurance unit

British insurer Aviva said today it had completed the £453m acquisition of AIG's UK life insurance business, sealing the largest takeover under CEO Amanda Blanc to date.

Business • 09 Apr 24

Japan Airlines expects losses of more than $100m after one of its planes was destroyed at Tokyo's Haneda airport

Japan Airlines counts losses from wrecked Tokyo plane

Japan Airlines said today it expected losses of more than $100m after one of its planes was destroyed when it collided with another aircraft on the runway at Tokyo's Haneda airport this week.

Business • 04 Jan 24

AXA has announced a deal to buy Laya Healthcare from Corebridge Financial, a subsidiary of AIG

AXA to acquire Laya Healthcare for €650m

AXA has announced that it is to buy Laya Healthcare, the second largest healthcare insurer in Ireland, for €650m.

Business • 03 Aug 23

Aer Lingus owner IAG calls for travel testing regime

Aer Lingus and British Airways-owner IAG said today it was driving down its cost base and called on governments to adopt pre-departure Covid-19 testing to allow travel during a second wave of infections that has locked down Europe again.

Business • 30 Oct 20

AIG shares fell 1% following the announcement of the Validus deal

AIG to buy reinsurer Validus for $5.56 billion

American International Group (AIG) said it would buy Validus Holdings for $5.56 billion in cash.

Business • 22 Jan 18

Insurers and reinsurers are counting the costs of the hurricanes that tore into parts of the US

AIG sees Q3 catastrophe losses of about $3 billion

Global insurance group AIG has said it expected to book pre-tax catastrophe losses of about $3 billion in the third quarter mainly related to hurricanes Harvey, Irma and Maria.

Business • 10 Oct 17

AIG's CEO Peter Hancock says he will step down

AIG CEO Peter Hancock set to resign

American International Group said today its chief executive Peter Hancock plans to step down, a move that comes more than a year after billionaire investor Carl Icahn called for a breakup of the company.

Business • 09 Mar 17

US insurer AIG last week said it may move its European headquarters from London to another EU country

Passporting 'vital' for UK insurers after Brexit

Insurers operating in Britain must continue to be able to sell their products freely across the European Union after Britain leaves the bloc, an insurance trade body said today.

Business • 30 Nov 16

AIG says it it looking at half a dozen locations, including Dublin, if it decides to move from London

AIG joins list of finance firms looking to move

US insurer AIG may move its European headquarters from London to another EU country - possibly Ireland - because of Britain's vote to leave the EU.

Business • 22 Nov 16

US insurer said it would cut $1.6 billion of costs and return $25 billion to shareholders over the next two years

AIG to spin off mortgage insurance unit in US

AIG said it would spin off its mortgage insurance unit and sell its broker-dealer network as part of the sweeping changes it has been promising shareholders as it fends off activist investor Carl Icahn.

Business • 26 Jan 16

Aer Lingus said it was considering a bid of €2.55 per share

Aer Lingus board set to recommend IAG takeover bid

The Aer Lingus board is expected to issue a statement this morning confirming it has recommended that shareholders accept a €1.3bn takeover offer from British Airways owner, IAG.

News • 27 Jan 15

Aer Lingus passenger numbers hit a record high last year

Aer Lingus passenger numbers up 3.8% last year

Aer Lingus carried 11.1 million passengers in 2014 - a record outcome for the airline.

Business • 07 Jan 15

The 50 new SoftCo jobs are mainly in its R&D, sales and cloud services divisions

Jobs boost from AIG and SoftCo

Business services firm SoftCo is creating 50 new jobs across its operations, while AIG is creating 20 Dublin jobs.

Business • 25 Sep 14

Treasury to cut AIG stake below half in $18bn sale

The US government is selling more of its shares in insurer American International Group, in a move that should decrease its holdings below a majority stake for the first time since the $182 billion bailout in 2008.

Business • 10 Sep 12

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