AIG
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Claude Wade is to step down from his role to address ongoing health issues. -
Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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Plus, the latest people moves and all the top news of the week.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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