AIG

The carrier denied it is liable to pay any of AerCap’s claim on the grounds that no loss has been suffered.

The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.

The firm pointed to likely material increases in reinsurance rates for peak zone business in some cases.

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.

The executive will rejoin as EVP, reinsurance purchasing and risk capital optimization.

Adriana Cisneros was AIG’s LatAm property product leader for more than three years in south Florida.

The suit is believed to be the first court case against insurers by a lessor in relation to the Ukraine conflict.

Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper.

Prior to joining, Laura Hunt was cyber practice head at Chaucer for seven years.

The carrier has also disclosed carbon emission breakdowns across its underwriting portfolios, as well as D&I figures for its workforce, in an ESG report.

The executive will take up the role of global head of marine at AIG.

The carrier, which has been a leader in the war liability market, has re-evaluated its appetite as a result of the Ukraine conflict.