AIG to launch Asia-Pacific adviser review as regulatory demands grow

legalweek

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.