AIG and Amwins, with the backing of Blackstone, will launch Syndicate 2479 on January 1, which will initially underwrite $300mn of “a broad and highly diversified cross section” of Amwins’ $6bn delegated authority premiums.
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AIG and Amwins to form special purpose vehicle Syndicate 2479
The SPV will underwrite a “broad and highly diversified” portion of Amwins’ ~$6bn delegated authority premiums.