US government employment figures show speed of job cuts
The US Government Accountability Office claimed AIG employed 106,000 people at the end of June, about 10,000 (8.6%) fewer than listed in AIG’s 2008 annual report, Bloomberg reports.
Mark Herr, an AIG spokesman, wouldn’t say how many people were fired, quit, or employed at operations the company sold.
“AIG is going to be a much smaller company,” said Robert Haines, an analyst at CreditSights Inc. in New York. The rate at which the company sheds workers “will really be dependent on the timing of large asset sales.”
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.
