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The PVT market saw falling rates and several risk losses during 2025. -
Zaffino will become executive chair of AIG and retire as CEO by mid-year.
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The executive replaces Andrew Brooks, who served two consecutive terms.
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The Luxembourg platform is set to begin underwriting in April.
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David Saillen succeeds Pierre-Edouard Fraigneau, who was appointed Europe president in July.
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The move comes after a 200+ person mass team lift from Brown & Brown’s retail business in the US.
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Ashleigh Edwards will report to group CUO Mark Pepper.
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Silies joined Sompo in 2022 as head of marine and energy.
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The underwriting unit has also rebranded D&O specialist Leopanthera.
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Thomas Joyce is also joining the London wholesaler, launched last year.
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The president and CEO will also be eligible for up to $50mn in shares.
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Larke assumed the role of class leader in April as part of a planned succession.
