Centerview Partners hired by New York state department
The New York State Insurance Department has hired an investment banking advisory firm, Centerview Partners, to assist in selling off AIG subsidiaries.
New York is home to a significant number of AIG member companies. AIG's 71 insurers are domiciled in 19 states.
Edward Liddy, the newly appointed chief executive officer of AIG said he planned to complete within seven to 10 days a list of all the assets that would go up for sale. He did not say which subsidiaries were being considered. AIG must seek regulatory approval from the states where its subsidiaries are domiciled for any sales as it seeks to pay off its $85 billion rescue loan from the Federal Reserve.
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.
