AIG
-
Steve Eccles joined AIG in April 2020 from Argo, where he was active underwriter of Syndicate 1200. -
It is understood that Lyons has been set to retire from the company in the summer of 2023.
-
To replace Lyons, AIG appointed Sabra Purtill as interim CFO and Turab Hussain as interim chief actuary.
-
Former CFO Mark Lyons will step in as interim CFO, in addition to his current role as EVP, global chief actuary and head of portfolio management.
-
Chris Collins will report into Simon Abbott in his new role, and will help the carrier expand its airline portfolio.
-
The carrier is re-staffing its hull team following three personnel exits last year.
-
The two insurers are believed to provide in excess of 20% of the cat MGA’s capacity.
-
The CEO’s annual salary and short- and long-term incentive targets have increased.
-
Since joining the company in 2017, the executive has helped to spearhead a turnaround in performance for the carrier.
-
Peter Zaffino said AIG expected to able to source similar levels of reinsurance capacity as currently given its relationships with counterparties.
-
The firm’s North America CoR deteriorated 8.3 points to 114%, but the international division’s CoR improved 13.3 points to 81.4%.
-
Court documents also revealed that 101 of AerCap’s 116 planes in Russia have been re-registered.
Most Recent
-
Enstar Q1 net profit falls 58% to $50mn
02 May 2025 -
Daily Digest: Top news from 2 May
02 May 2025