Regeln » interest in AIG Israel Insurance Company Ltd.

1. Benmosche Says AIG to Build Non-US Life Insurance (Bloomberg)

Feb 23 2012: AIG plans to rebuild life-insurance sales outside the US after divesting operations in Asia and Europe to help repay a taxpayer bailout Wholesale Thomas Muller Jersey , Chief Executive Officer Robert Benmosche said.Benmosche, who became CEO in 2009, is now targeting emerging markets like China and Turkey for growth and seeking to increase sales to consumers as the company scales back from some more capital-intensive business coverage.

2. National Insurance Crime Bureau: Sandy-Damaged Vehicles Surpass 250K Mark (Insurance Journal)

Feb 21 2013: The current estimate of vehicles damaged as a result of Sandy is now set at 250,500 based on claims processed by insurance companies, according to The National Insurance Crime Bureau (NICB). New York’s number increased from a previous level of 130,000 to 150,000.

3. AIG Q4 Operating Results Beat Expectations (Insurance Journal)

Feb 21 2013: Insurer American International Group (AIG), reported fourth-quarter results that beat Wall Street expectations, although Chief Executive Robert Benmosche said some employee bonuses will be smaller this year because the company did not meet all of its performance targets.

Overall Wholesale Thiago Alcantara Jersey , the company reported a USD4 billion loss, due mainly to the sale of aircraft leasing business, ILFC, as well as losses incurred from Superstorm Sandy.

4. AIG to Purchase Outstanding Interest in AIG Israel (Insurance Journal)
Feb 18 2013: American International Group (AIG) announced that it has reached an agreement with Aurec Gold Investments Limited to acquire Aurec’s 49.99% interest in AIG Israel Insurance Company Ltd.

AIG currently owns 50.01% of AIG Israel and upon completion of the transaction AIG Israel will become wholly-owned by AIG. The transaction is subject to approval by Israel’s Insurance Commissioner. AIG said that it had agreed to a joint venture with Aurec to form AIG Israel in 1996. The operation primarily writes personal lines as well as accident and health and life insurance through a direct distribution platform, and it encompasses some commercial lines products via brokers.