AIG

Chris Collins will become international head of airlines and deductibles, while Paul Talbot has also been promoted to head of manufacturers and airports for the UK.

The executive has worked at AIG for more than 14 years, heading up global marine since 2016.

Aircraft location and condition is driving uncertainty around Russia aviation losses, CEO Peter Zaffino said.

NA CoR declined 17.6 points to 90.8% as the region’s long-troubled commercial lines book swung to profits with an 88.8% CR, down 17.9 points from Q1 2021.

Conditions for SPAC D&O are likely to remain turbulent, amid the heightened SEC scrutiny and uncertainty concerning claims resolution.

Bolt replaces Sabra Purtill, who was recently named EVP and CIO for AIG’s life and retirement business.

Sources said they expect other major commercial insurers to follow suit, with territorial exclusions potentially broadening to Belarus.

BlackRock will manage up to $60bn of the global AIG investment portfolio and up to $90bn of the life and retirement investment portfolio.

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.