AIG
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
AIG is offering 80 million existing shares of common stock, or 12.4%, out of 645 million total common shares of Corebridge.
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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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The executive has over two decades of experience in the property underwriting sector, having worked for various carriers, including PartnerRe and RSA.
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Paul McLaughlin, senior underwriting manager for Lexington, will head up the new team.
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The executive pointed at cyber and excess and surplus carrier Lexington as businesses that AIG was seeing rapid growth.
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The company is offering 80 million Corebridge shares, or 12.4% of the subsidiary’s 645 million total common shares.
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The hydrogen industry is a key pillar of the energy transition, but securing insurance coverage is challenging.
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The appointment follows a delay of plans to take the life and health unit public.
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Odyssey Group’s cyber chief Robert O’Connell is looking to raise up to $1bn of capital for a monoline cyber reinsurer.
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The firm needs to get a grip in HNW, dial up commercial lines growth, cut through the Corebridge knot and then an acquisition will be next.
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The company reached the fourth consecutive year achieving rate above loss-cost trends.
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