AIG

Excluding the effects of cats and reserve developments, AIG’s core loss ratio also improved, decreasing to 59.2% from 60.3%.

Insurance stocks mixed following swath of earnings results; Aon gains nearly 7% in Friday trading.

Commercial lines loss ratios may move slightly higher, while personal auto carriers see the light at the end of the loss-cost tunnel.

The executive will have responsibility for global treasury activity, including financing plans and banking.

The Mayfield Consumer Products candle factory is one of the two most high profile large individual risk losses from the quad state tornado to date.

Carriers are planning for inflationary threats and have been responding to major catastrophes, while the InsurTech and broking markets have driven M&A drama.

Constance Hunter previously served as KPMG’s chief economist and has nearly three decades of experience in the financial sector.

Casualty rate hikes moderate, though areas like wildfire liability remain difficult amid an ever-more litigious environment.

The higher level of repurchases seen in Q3 will likely last longer than expected.

Are this quarter’s positive results a sign of change for the company or a temporary blip?

Rates in the P&C market continued to rise in the third quarter, with outsized increases for cyber insurance driving up the average change, according to data revealed in company third-quarter conference calls.

AIG’s CEO Peter Zaffino said Friday the insurer’s life & retirement IPO plans are progressing, but may be pushed back to 2Q 2022.