Alex Vorro

The insurer signed a 5-year deal with IBM to transition its virtual desktop cloud environment to IBM's Smart Business Desktop Cloud solution.

Due to “underachievement” in certain areas, the head of its P&C arm receives partial payout, while AIG chief Benmosche receives complete bonus.

The insurer takes its second stab at selling Nan Shan Life Insurance Co. Ltd., agreeing to a deal for $2.16 billion, pending regulatory approval.

News of the impending recapitalization caused the insurer's shares to hit their highest levels since October 2008.

U.S. carriers comprise only 20% of A.M. Best's annual list of largest insurers ranked by total assets, and just 36% when ordered by net written premiums.

Treasury secretary testified before Congress yesterday, saying that the bailout will show a "positive return."

The payment stems from a derivative suit filed by investors against executives and directors.

Following an extensive review, the insurer will discontinue new LTCI enrollments in 2011.

Dutch insurer reportedly will shutter additional operations in Britain.

Quote Wizard, which matches online insurance shoppers with agents and underwriters, was the top industry company on Inc. magazine’s 2010 500/5000 Fastest Growing Companies list.

Despite major catastrophes, property/casualty insurers accounted for an after-tax net income of $11.5 billion, report says.