AIG
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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.
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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.
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The carrier has $175mn remaining in its aggregate retention and is expecting limited catastrophe losses during Q4 given their treaty cover.
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The insurer grew GI net premiums by 11%, led by 17% growth in its commercial business.
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Dasan's resignation comes within a period of significant moves across the construction market.
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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.
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In a virtual fireside chat with Aon CEO Greg Case, AIG’s CEO spoke candidly about the work the carrier’s management team had to put in to fix its underwriting results.
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Paul Smith's appointment follows the retirement of Gerald McDowell after nearly 16 years at AIG.
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The AIG-owned business has seen a major transformation in its senior leadership.
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Brooks had been in his post for almost two years and joined AlphaCat in 2011.
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