AIG
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The two insurers are believed to provide in excess of 20% of the cat MGA’s capacity. -
The CEO’s annual salary and short- and long-term incentive targets have increased.
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Since joining the company in 2017, the executive has helped to spearhead a turnaround in performance for the carrier.
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Bergamaschi joins the insurer’s board as Douglas Steenland will not stand for reelection in the next annual meeting of shareholders.
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The likely windows for a secondary offering of Corebridge's common stock will be mid- to late March as well as mid-May to late June.
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The executive said AIG expected growth opportunities ahead, including in the property cat market.
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The firm’s North America CoR deteriorated 8.3 points to 114%, but the international division’s CoR improved 13.3 points to 81.4%.
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The Massachusetts Bay Transportation Authority claims the firms failed to act over the bankruptcy of LMH-Lane Cabot Yard Joint Venture.
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Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.
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Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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Josh Brekenfeld succeeds Patrick Mahon, who has been appointed head of group business for global accident and health.
Related
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AIG brings on Colombo as Latin America CEO
May 15, 2025 -
AIG recruits Aon Re’s Hussey to lead Miami fac desk
May 13, 2025