AIG
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The claim hits the downstream market following a loss-hit start to the year. -
Air India has a multi-year insurance arrangement in place.
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Sources told this publication the hull of the aircraft is valued at $80mn.
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Hussey will take over the role left vacant when Luis Sonville moved to AJ Gallagher late last year.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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Simon Horton spent 10 years at Marsh before joining AIG last year.
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The executive will provide strategic leadership to underwriting and portfolio management teams.
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Newly appointed CEO Chris Jones also joins the board.
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A positive outcome could significantly curb insurers’ exposure to the loss.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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