AIG's new agreement with Everest marks a significant step in transforming the insurance giant under CEO Peter Zaffino, aiming for growth while managing risk and operational efficiency. The deal allows AIG to expand its client base without inheriting past liabilities.
In a shocking turn of events, Spirit Aviation Holdings Inc. has filed for Chapter 11 bankruptcy for the second time in less than a year. With assets and liabilities ranging from $1 billion to $10 billion, the airline struggles to recover amidst ongoing negotiations with major stakeholders.
