Cuts will affect 1,500 staff primarily in the property/casualty unit
AIG is cutting about 3% of its global workforce, primarily in its property/casualty unit.
As one of the company’s main divisions, it covers homes, cars and businesses. The cuts are expected to affect 1,500 staff.
AIG has recorded a profit in seven of the past eight quarters following a reduction in its non-core businesses and expenses.
The American insurance company was bailed out during the financial crisis. It faced near failure when financial bets tied to the subprime mortgage market backfired.
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.
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