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The company reported operating earnings per share of $2.19, beating Wall Street consensus estimates of $1.87.
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He joined the Dallas, Texas-based holding company last week to focus on the program insurance sector.
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The 737 Max 8 has an insured hull value of $60.1mn and the policy is led by Global Aerospace. -
The insurer reported net income of $37.4mn for the quarter, a jump of 275 percent year over year.
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The syndicate has repositioned its portfolio over the course of the past 12 months.
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AIG leads the aviation policy, which is brokered by Lockton.
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Deal could dwarf even new AIG casualty deal if cedant pulls trigger next year.
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Casualty quota share is biggest new deal brought to market in years.
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The Jonathan Ranger-led business will initially target the growing cyber market ahead of rolling out its marine offering.
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The CEO of the Bermudian P&C (re)insurer earmarks Novae’s marine, liability, political and credit risk and cyber businesses for praise.
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Former Munich Re Syndicate Singapore chief establishes rare Singapore MGA.
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AIG Europe Ltd will divide into two separate entities as the UK negotiates its exit from the European Union.
