AIG

Goldberg will report to Susan Chmieleski, Lexington head of professional lines.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.

The newcomers are finding it more difficult to disrupt the sector than they had expected.

Employment data indicates that easy growth and margin expansion may slow soon.

The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.

With the call taken on the break-up and radical re-underwriting over, the firm may become Just Another P&C Insurance Company.

The company expects inflation rate will rise 4%-5% in the medium term.

CEO Peter Zaffino said on Friday that AIG expects to be able to list more of the L&R unit than the 19.9% originally planned, and would fully use its remaining tax credits in 2022.

The GI segment combined ratio hit 92.5% off strong underlying margin expansion and a steep decline in catastrophes, as net written premiums climbed by 24%.

Purtill has served as chief risk officer on an interim basis since February.

Further resignations were expected after vesting of compensation incentives, following a number of departures from the firm in the past year.