AIG to launch Asia-Pacific adviser review as regulatory demands grow
AIG is set to kick off a review of its external legal advisers across the Asia-Pacific region, as the insurance giant sizes up a potential merger of its corporate and claims panels. The US-based company currently has a corporate panel including five to 10 law firms across several Asian countries, alongside a separate claims panel subdivided by jurisdiction and area of expertise. The corporate panel covers 13 countries where AIG has operations in Asia – Hong Kong, China, Taiwan, Japan, Korea, Singapore, Indonesia, Malaysia, the Philippines, Vietnam, Thailand, Australia and New Zealand. AIG expects to finalise the process before the end of the year.
Insurance giant considers merging corporate and claims panels amid adviser shake-up
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