2010 float no longer on AIG's agenda
Chartis UK chief executive Lex Baugh has confirmed that plans to float the insurer on the stock market before the end of the year have been shelved.
Baugh said an initial public offering had been on the table but insisted there was now “no plan.”
AIG had planned to use the floatation to raise funds to pay back the multi-billion dollar loan it got from the US government when it was bailed out in 2008. But AIG chief executive Robert Benmosche is believed to have had a change of heart.
Read the full story in this week's issue of Insurance Times, out Thursday, or click here to read it first online.
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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