CEO wanted to take the Pru’s lower offer. Chair refused
The Prudential’s reduced offer for AIG’s Asian life unit AIA caused a rift between AIG CEO Bob Benmosche, who wanted to accept the price cut, and chairman Harvey Golub, who won the board vote to refuse, the FT reports.
The rift has triggered concerns within the board and the US government, who fear one of the two men might leave less than a year after their appointment, the FT said.
But the relationship between Benmosche and Golub has not completely broken down, the FT said.
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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.
