AIG
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James Dunne is vice chairman and senior managing principal of investment bank Piper Sandler.
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AIG offered 35 million existing shares of Corebridge common stock priced at $20.50 per share Friday, out of 630 million total shares outstanding.
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The executive will oversee AIG’s global technology and cybersecurity strategy and lead the insurer’s cloud strategy, along with other modernization technologies.
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The low multiple shapes the decision set of the management team, negatively impacts staff, and creates potential opportunities for rivals.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Broker and commercial carrier trends separate as inflation slows but rates stay elevated.
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The carrier is offering 50 million existing shares of common stock and granted a 30-day option for underwriters to purchase up to an additional 7.5 million shares.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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Excluding programs, the E&S insurer grew around 25% in the quarter, led by 33% growth in wholesale casualty.
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The Inside P&C news team runs you through the earnings results for the day.
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The firm booked catastrophe losses of $462mn — largely from Lahaina Wildfire and Hurricane Idalia — down from $655mn in Q3 last year, which was affected by Hurricane Ian.
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