AIG
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Insurance Insider reflects on the themes that shaped 2025 for the London market. -
Plus, the latest people moves and all the top news of the week.
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The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.
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What were the defining moments that shaped the insurance market in 2025?
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The deal follows a minority investment from the insurer in the summer.
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Clifford’s appointment follows Everest’s $2bn renewal rights sale to AIG.
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Plus, the latest people moves and all the top news of the week.
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Approached for comment, Chubb denies that it submitted “an offer” for AIG.
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The underwriter will fill a newly created role at AIG.
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The class of business has shouldered claims totalling over $4bn this year.
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The payment will cover what the filing called “foregone incentives at his former employer”.
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The industry veteran retired from AIG at the end of last year.
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The Australian insurer is a major cat cedant and had hoped to set up a reinsurance syndicate.
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Emma Woolley has held the marine role on an interim basis alongside running Talbot.
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AIG made the shock announcement earlier today that John Neal is not joining the insurer.
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The ex-Lloyd’s CEO was due to join AIG as president but will not take up the role due to personal circumstances.
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What does it take to build a reinsurer that can manage volatility?
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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Insight into the state of the insurance M&A market, powered by Insurance Insider’s comprehensive deal database.
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The deal confers a high multiple on Convex and gives AIG re/specialty exposure.
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Plus, the latest people moves and all the top news of the week.
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CEO Brand said he expected to deliver double-digit growth, if “marginally” lower in 2026.
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The fundraising structure for the deal includes a $600mn Convex debt raise.
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Onex’s own balance sheet will become a 63% owner and AIG takes a 35% stake.
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AIG has agreed to pay Everest $10mn per month for nine months for transition services.
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The company’s stock fell nearly 9% as the market digested news of an ADC, renewal rights deal and reserve charge.
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The global insurer will pick up a $650mn portfolio of US casualty business.
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AIG will fold the portfolio into its existing business, leaving the liabilities and legal entities with Everest.
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Ark has been adding new product lines across its three Lloyd’s syndicates.
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IAG completed its takeover of RACQ last month.
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This publication revealed in February the incident was expected to lead to a major claim.
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An M&A senior analyst and M&A underwriter for emerging markets are also set to depart.
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The Argenta-backed MGA is already active in the cargo and property classes of business.
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Claude Wade is to step down from his role to address ongoing health issues.
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Matthew Budd has over 30 years’ claims experience and previously worked for Talbot and XL.
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The carrier is the first Fortune 500 company to take a stake in a League Two club.
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AIG leads the all-risks cover and Axa XL is the hull war lead.
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The claim could add pressure to the hull war market after a recent High Court ruling.
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The former Everest executive has more than 30 years of A&H experience.
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The former Lloyd’s CEO is also eligible for a target $5mn annual equity award.
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Plus, the latest people moves and all the top news of the week.
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John Neal was due to start at Aon as global reinsurance CEO in September.
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The former Lloyd’s CEO will not make his planned move to Aon.
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Claire Janaway is leaving the carrier after 19 years.
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The claim hits the downstream market following a loss-hit start to the year.
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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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Andrew Kane has spent eight years at QBE.
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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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Of the 178 passengers and crew on board, no serious injuries have been reported.
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The transition will take place immediately, with Anthony Baldwin set to leave next month.
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The carrier recently started underwriting construction in Lloyd’s through Probitas.
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Sources said the claim is likely to be a multi-hundred-million-dollar event.
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The carrier is restructuring the business into three segments.
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Arta Nasradini joins from AIG, where she led the DACH aerospace team.
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The Moss Landing facility has previously faced major claims.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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The cargo market has recently seen a string of moves as new carriers launch into the market.
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The sale of the business was confirmed in June.
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The loss ends a spell of benign claims activity in the downstream segment.
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Simon Theobald joins from AIG where he was senior construction underwriter.
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The former Aspen executive has resigned from AIG and will fill the vacant CEO role at the large corporate unit of the German carrier.
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The leadership reshuffle comes after previous US CEO Sam Reeder left to run fronting carrier Hadron.
