AIG
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A positive outcome could significantly curb insurers’ exposure to the loss. -
The insurer also pointed to accelerating growth, M&A to come, and a sub-30% ER.
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A US buy would have to be easily integrated, the CEO stated.
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The carrier laid out its business mix for the newly launched reinsurance syndicate.
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AIG veteran Kevin Bidney will focus on North American marine.
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The executive said AIG’s E&S arm can grow 20% a year and generate $4bn of new business.
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The judge noted similarities in Dellwood’s business plan and AIG’s.
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Of the 178 passengers and crew on board, no serious injuries have been reported.
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Insurers could absorb as much as 90% of this year’s already elevated losses given shifts in attachment points.
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Alexandra Furth has more than 20 years of claims and legal leadership experience.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The carrier reshaped its portfolio in 2024, cutting costs and investing in Gen AI and LLM technology, CEO Peter Zaffino told staff.
Related
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AIG hires Perry as head of NA client engagement to lead Atlanta hub
January 23, 2025 -
Flatt promoted to AIG global CUO
January 09, 2025