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AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
The former Asia Insurance Building was designed by Singapore pioneer architect Ng Keng Siang, the first Singaporean to become a member of the Royal Institute of British Architects. [18] Professionally, Ng was highly respected by the Teochew and Hokkien communities, who previously commissioned him for projects such as the Teochew Association ...
2017 [104] through early 2019 [105] saw AIG hire a number of new upper level executives. [104] [106] In 2017, Duperreault named Peter Zaffino [104] as AIG COO, [107] later also naming him CEO of AIG's General Insurance business. [108] Zaffino succeeded Duperreault as president of AIG in January 2020, with Duperreault remaining AIG's CEO. [109]
Travel insurance can help protect sunk vacation costs, but it's most helpful when trips go awry. ... 75% of the big number is better than zero if people's plans change." ... AIG Travel and Seven ...
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On 21 December 2012, AIG sold all of its 13.69% shareholding in AIA. [ 11 ] Since 2 June 2013, AIA has had an exclusive bancassurance agreement with Citibank that encompasses 11 AIA markets in Asia-Pacific, namely Hong Kong, mainland China, South Korea, Singapore, Thailand, Malaysia, Indonesia, the Philippines, Vietnam, Australia, and India.
In May 2006, New York-based AIG acquired Travel Guard. In July 2009, the company moved to its new home in a business park located off I-39 in Stevens Point. AIG subsidiary, National Union Fire Insurance Company, underwrites Travel Guard policies. In 2012, it became the product range name for all travel-related products and services of AIG.
DirectAsia was founded in Singapore in 2010 and launched in Hong Kong in 2012 and in Thailand in 2013. [3] [4] During 2013, DirectAsia had gross written premiums of $25.3 million. [5] In 2014, DirectAsia was acquired by Hiscox Insurance to commit further to serving customers in Asia. Hiscox has reached a $55 million agreement with Whittington ...