AIG
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Valencia will drive the carrier’s strategy for portfolios including panels, facilities, MGAs, bancassurance and other forms of delegated authority. -
The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
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The carrier reported an additional A$70mn reinsurance reinstatement because of higher claims.
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Leahy joins the carrier after just over a year at TMK as divisional head of airline.
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The attack came from a hacking group known as Scattered Spider, an affiliate of the ALPHV/BlackCat ransomware gang.
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A webinar and report from the Geneva Association has explored the barriers and prospects for the growth of blockchain insurance.
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The former general counsel and communications chief will move to the role on 1 October.
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The insurer has been working to build a reputation for favorable reserve development after past sins.
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The carrier has strengthened its cargo team following the departure of two underwriters.
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AIG decided to buy additional retrocessional protection for Validus Re and a low XoL reinsurance placement for its Private Client Group (PCG) ahead of the wind season.
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AIG grew GI NWP in NA by 17% to nearly $4bn as both commercial lines and personal lines NWP rose 17% to over $3.4bn and $563mn, respectively.
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