AIG
-
The syndicate also reported net unrealised investment losses of $20.9mn, up from $5.7mn in 2021, amid mark-to-market losses. -
Reserving has increased substantially, inflicting another major claim on the loss-hit class.
-
The group CUO role is being eliminated with the function pushed back into the regions and specialties.
-
The collapse of Silicon Valley Bank is creating investor fear across the global financial services sector.
-
The announcement follows the appointment of Diana Murphy and Vanessa Wittman as independent directors, which will be effective on March 16.
-
Diana Murphy has been managing director at Rocksolid for 15 years, while Vanessa Wittman was most recently CFO of Glossier.
-
This came as parent AIG said it had around $6bn of reinsurance limit available for 2023.
-
North America commercial lines CoR for the quarter improved 10.4 points to 84.4%.
-
The insurer has previously attempted a range of different options to manage down cat losses from the book.
-
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.
Most Recent
-
Hull to lead WTW’s construction and surety team in expanded role
09 September 2025 -
LIVE from Monte: Mereo CEO Croom-Johnson
09 September 2025 -
Generali mulling syndicate launch as global carriers look to Lloyd’s
09 September 2025 -
Cincinnati Global takes Lavaretus’s Thompson for marine hull launch
09 September 2025 -
Compre US claims director and SVP Bouvier to exit
09 September 2025 -
AIG’s head of M&A for UK and emerging markets to exit for BHSI
09 September 2025