AIG
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The company expects reinsurance to provide 78% of its $2.5bn gross written premium target. -
The insurer highlights the discrepancy between how the Trump rally and BLM protests were treated.
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It follows earlier efforts by excess cyber insurers to introduce sub-limits during Q4.
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The insurer is also said to have scaled back its cession percentage to between 25%-30%, with final signings still being determined.
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The CEO called reinsurance an incumbents’ market, despite the influx of new capital.
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The underwriter formerly led Axa XL’s international cyber offering in London.
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Occurrence retro rates are among the segments where rate pressure is abating, although the outlook remains somewhat opaque in a late renewal.
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The carrier will take a smaller line than initial backers PartnerRe and Swiss Re.
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The executive rejoins the US carrier after Axa XL put its management liability and financial institutions books in London into run-off.
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The executive will join on 21 December as an international cargo team leader.
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An employment tribunal finds that Liam Vaughan’s claim for constructive unfair dismissal is “well founded”.
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The appointment follows the addition of Lockton’s Allison Hollern to the John Hopper-led financial lines team.
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