AIG
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The carrier has $175mn remaining in its aggregate retention and is expecting limited catastrophe losses during Q4 given their treaty cover. -
The insurer grew GI net premiums by 11%, led by 17% growth in its commercial business.
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The role changes will take effect on January 1, with both men continuing to report to group CEO Peter Zaffino.
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The executive was serving as northeast zone manager for commercial D&O, private and non-profit management liability since last May.
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In a virtual fireside chat with Aon CEO Greg Case, AIG’s CEO spoke candidly about the work the carrier’s management team had to put in to fix its underwriting results.
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AM Best estimates that the loss of the life and retirement segment’s profitability will be offset by an increase in available capital and liquidity.
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By moving a business from AIG's ecosystem into Coalition's, the perception of its value is transformed.
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Brooks had been in his post for almost two years and joined AlphaCat in 2011.
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Hurricanes, floods and wildfires are pushing up Q3 catastrophe losses, AIG's finance chief says.
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Dyer will work as head of logistics, while Adams will support Greek clients with insurance and risk management.
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The insurer’s CEO and president Peter Zaffino will take on the extra remit when executive chairman Brian Duperreault switches to a non-exec role at the end of the year.
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