AIG

AIG’s global specialty head Paul Greensmith spoke on a panel at the Marine Insurance London conference, which explored how the capital’s marine market can arrest its declining status.

The global insurer has added a "net-zero emissions" goal of 2050 for investments and underwriting.

Per occurrence coverage grew by $750mn.

The carrier said AIG Re cut US property reinsurance limits deployed by 10% at 1 January.

Excluding the effects of cats and reserve developments, AIG’s core loss ratio also improved, decreasing to 59.2% from 60.3%.

An Ascot-led consortium will be launched at Lloyd’s, offering a variety of space cover.

Speaking at an Insurance Insider panel event on the future of the market, Axa XL CEO Sean McGovern said the industry should focus less on “recycling” existing talent.

The carrier has $175mn remaining in its aggregate retention and is expecting limited catastrophe losses during Q4 given their treaty cover.

The insurer grew GI net premiums by 11%, led by 17% growth in its commercial business.

Dasan's resignation comes within a period of significant moves across the construction market.

The executive worked for Guy Carpenter for 34 years.

Lyons will move to a chief actuary post at year end, as AIG reshuffles its senior leadership ranks ahead of its life and retirement business IPO next year.