AIG
-
The carrier will take a smaller line than initial backers PartnerRe and Swiss Re. -
The executive rejoins the US carrier after Axa XL put its management liability and financial institutions books in London into run-off.
-
The executive will join on 21 December as an international cargo team leader.
-
An employment tribunal finds that Liam Vaughan’s claim for constructive unfair dismissal is “well founded”.
-
The appointment follows the addition of Lockton’s Allison Hollern to the John Hopper-led financial lines team.
-
The carrier has placed its book of primary business into run-off but will continue to write space reinsurance.
-
AIG shares climbed 13% to $37.52, compared with a 1.2% increase in the overall S&P 500 index.
-
The underwriter returns to AIG after nine years away, during which time he held senior financial lines positions at Zurich.
-
AIG executives revealed that proceeds from the sale would be used to reduce the carrier’s debt leverage.
-
The carrier says its programme performed "as expected" but it anticipates needing less cover in the future as it seeks top line growth.
-
Sources said AIG is offering some staff guaranteed bonuses and stay packages.
-
Banking sources are divided on whether AIG is likely to be able to find a buyer for its life arm.
Most Recent
-
Dual Europe adds cargo to marine offering led by Wittoeck
11 September 2025 -
Daily Digest: Top news from 11 September
11 September 2025 -
LSM launches integrated third-party division
11 September 2025 -
BPL names Chilton non-executive chairman
11 September 2025 -
Industry weighs transparency against Blueprint Two timeline concerns
11 September 2025 -
Lack of hurricane activity this season shouldn’t lull insurers: Siffert
10 September 2025 -
Compre names Clayden interim global claims director as Bouvier leaves
10 September 2025