Global insurer American International Group has reached an out of court settlement of its legal dispute with the excess and surplus insurance firm Dellwood that was started by former AIG executives.
In a filing in federal district court in New Jersey on May 22, AIG and Dellwood said they reached a settlement on May 17 and AIG’s lawsuit has been “voluntarily dismissed with prejudice and without costs and/or attorneys’ fees to any party as against any other party. ”
Details of the settlement were not disclosed.
The legal battle began in April 2024 shortly after