Frank-Dodd Act could penalise AIG but not rival insurers

AIG has warned that the Dodd-Frank Act could “materially and adversely affect AIG’s businesses” if a new risk watchdog decides AIG is too big to fail, Bloomberg reports.

AIG said it would hurt cash flows and credit ratings by forcing it to raise capital, face stress tests and limit bets on private equity and hedge funds.

AIG would need to be deemed a loans holding company or a risk to the financial system to be regulated by the Fed, rather than its current regulator the Office of Thrift Supervision.

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The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.

Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.

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