AIG, Chubb, Goldman form Bermuda insurer.(American International Group Inc., Allied World Assurance Company Ltd.)(Brief Article) From: Business Insurance | Date: December 3, 2001| Author: | COPYRIGHT 2001 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

PEMBROKE, Bermuda-American International Group Inc., Chubb Corp. and a Goldman, Sachs & Co. unit have formed a $1.5 billion insurer and reinsurer in Bermuda.

The company, Allied World Assurance Co. Ltd., will write commercial property/casualty insurance and reinsurance, as well as some specialty lines.

Michael I.D. Morrison, a former AIG executive, will come out of retirement to serve as president and chief executive officer of the joint venture, which will be based in Pembroke, Bermuda.

AIG has contributed $291 million to AWAC's holding company, Allied World ...

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