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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.
AIG purchased the remaining 39% that it did not own of online auto insurance specialist 21st Century Insurance in 2007 for $749 million. [47] With the failure of the parent company and the continuing recession in late 2008, AIG rebranded its insurance unit to 21st Century Insurance. [48] [49]
Company Country Net premiums written (US$ Billion) 1 UnitedHealth Group United States: 226.2 2 Centene Corporation United States: 120.3 3 Elevance Health United States: 117.4 4 China Life Insurance China: 115.1 5 Ping An Insurance China: 114.7 6 Kaiser Permanente United States: 106.4 7 Axa France: 95.7 8 Allianz Germany: 88.9 9
(Reuters) - American International Group Inc <AIG.N> on Thursday promoted David McElroy to the post of chief executive officer of general insurance and executive vice president with immediate effect.
American car owners are battling the biggest surge in auto insurance rates in 50 years, new research shows—and it’s forcing some car makers to cut prices in order to stay competitive.
Auto insurance rates rose 2.6% in March and are up 22% from a year ago. Premium costs have been marching steadily higher since 2022, even as inflation at the consumer level steadily cooled from ...
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