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AIG names Hancock CEO of GI and will launch group president search
AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances. -
Panellists said recent M&A has not yet led to transformative change for the market.
Latest News
Latest news
A roundup of all the news you need, including the cancellation of John Neal’s hire at AIG.
The BP Marsh-backed MGA launched earlier this year, led by Adam Kembrooke.
Plus, the latest people moves and all the top news of the week.
The reinsurer is “well on track” to achieve $4.4bn in net income for the full year.
Opinion
Featured and most read
Featured and most read
Featured
Four defining themes for a year of transition
From top-line challenges to finding new ways to scale, 2025 has been a year of market shifts.
Most read
Analysis
Analysis
Industry-wide initiatives continue to target expanded youth access to the sector.
Lack of major cat events could add further pressure on 1 January pricing.
Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
Interviews
Interviews
After outsized losses, the (re)insurer still sees opportunity in a softening market.
The UK-based insurer’s Florida Re secured state regulatory approval in June.
T&Cs, as well as exclusions, remain largely unchanged, the executive said.
The CEO said smart-follow is a structural evolution of the specialty market.
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Get the inside scoop on the major stories shaping the London market through discussions with the journalists who broke them. Plus, hear from industry professionals on what these developments mean for the (re)insurance sector.
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In Partnership With
AXIS
Tools including raising deductibles and attachment points can help manage inflation challenges, says Jay Hamilton, head of A&H for AXIS
In Partnership with
FurtherAI
AI has shifted from a theoretical discussion to having a real impact across the entire insurance value chain, said Aman Gour, Founder and CEO, FurtherAI.
In Partnership with
Allianz
Use of technology is likely to separate the “leaders from the laggers” in the MGA/program business space, said Shanil Williams, CEO, Allianz Commercial, Americas.
In Partnership with
Arch
Property remains both a challenge and an opportunity for insurers, said Brian Farrell, SVP Program Management Lead, P and C Programs, Arch.
In Partnership with
Falvey Insurance Group
MGAs need to remain focused to succeed, said Emmy Falvey, Senior Vice President, Head of Capacity, Falvey Insurance Group.
In Partnership with
Swiss Re
The global construction industry continues to expand, says Jimmy Keime, Head of Engineering and Nuclear, for Swiss Re.
MultiStrat, the founder of casualty ILS, is focusing on committed capital to grow, said Bob Forness, CEO, MultiStrat.
In Partnership with
Swiss Re
Ahead of the upcoming Baden-Baden Reinsurance Meeting, top of mind for many are climate, economy and geopolitics, says Nikhil da Victoria Lobo, Head of P and C Reinsurance for Western and Southern Europe and Middle East and Africa for Swiss Re.
In Partnership With
M&A Services
The explosive growth of the E&S market, coupled with higher seller valuations, is driving a steady stream of carrier M&A activity, said Jason Murgio, Principal & CEO and Paul Procops, Vice President, of boutique insurance investment bank Merger & Acquisition Services.
In Partnership with
Allianz
“That’s what we live for,” said Darren Tasker, Head of Construction, North America, Allianz Commercial, emphasizing the deep expertise needed to navigate multi-billion-dollar data center construction projects and deliver tailored, comprehensive insurance coverage.
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