AIG
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The executive has had a 40-year career at AIG, Berkshire Hathaway and Lloyd’s. -
Former Chesterfield managing director James Stevenson moves to exec chair.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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The incidental syndicate will also house Liddell’s A&H team and Carr’s marine liability team.
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Renewable energy assets have been plagued by severe weather losses.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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The executive is to pursue “a different entrepreneurial path”, according to an internal memo.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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Liberty Specialty Markets is recruiting for its hull team following a number of staff exits.
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The executive is to step back for personal reasons.
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Soon Keen Lee succeeds Mark Newman, Canopius’ new UK CEO.
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