AIG
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The appeals court for the eighth circuit overturned a prior ruling by a district court which had dismissed the broker’s claims that dated back to 2017. -
The carrier, which has been a leader in the war liability market, has re-evaluated its appetite as a result of the Ukraine conflict.
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Other defendants in the complaint include Endurance, Great American Insurance, Ironshore, Ace American Insurance and TIG Insurance.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Inside P&C’s news team runs you through the key developments from the week.
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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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These results will strengthen convictions on the turnaround, but questions remain around how it will fare in a market where all insurers are looking to grow.
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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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Aircraft location and condition is driving uncertainty around Russia aviation losses, CEO Peter Zaffino said.
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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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NA CoR declined 17.6 points to 90.8% as the region’s long-troubled commercial lines book swung to profits with an 88.8% CR, down 17.9 points from Q1 2021.
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The executive joined AIG in early 2010 and has held myriad positions since then, including financial lines assistant underwriter and cyber specialist.
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