Former Financial Products staff to share “retention” bonuses
AIG must pay former Financial Products employees retention payments even though they no longer work there, Reuters reports.
As many as 40% staff in line for the payout due in March of 2010 are former employees. About 200 current employees will get bonuses.
Andrew Goodstadt, a partner at lawyers Thompson Wigdor & Gilly, which is representing some current and former AIG Financial Products employees, said the former employees who were laid off or terminated without cause have a legal entitlement to their retention payments.
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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.
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.
