AIG
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Charles Tinworth and Abigail Paterson are set to join the property team as senior underwriter and underwriter, respectively. -
Josh Brekenfeld succeeds Patrick Mahon, who has been appointed head of group business for global accident and health.
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The executive has over two decades of experience in the property underwriting sector, having worked for various carriers, including PartnerRe and RSA.
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The carrier denied it is liable to pay any of AerCap’s claim on the grounds that no loss has been suffered.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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The firm pointed to likely material increases in reinsurance rates for peak zone business in some cases.
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AIG improved its underwriting performance in Q2, as its general insurance (GI) combined ratio declined by 5.1 points to 87.4% and the carrier booked $202mn in favorable reserve development compared with $51mn last year.
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The executive will rejoin as EVP, reinsurance purchasing and risk capital optimization.
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Adriana Cisneros was AIG’s LatAm property product leader for more than three years in south Florida.
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The suit is believed to be the first court case against insurers by a lessor in relation to the Ukraine conflict.
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Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.
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Prior to joining, Laura Hunt was cyber practice head at Chaucer for seven years.
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