AIG

The diversification benefits and complementary capabilities Validus affords AIG, along with the parent’s move to split its life and P&C operations, factored into the upgrade.

Dachille has long led AIG’s investment function, having first joined the company in 2015.

The Insure Our Future network is due to hold “physical and digital actions” in Japan, South Korea, the UK and the US.

The merging brokers have also agreed a two-year non-compete agreement on transferring Willis business.

Competition is intensifying, with increased London market appetite one of the drivers.

Activist investors are successfully learning how to navigate a regulated industry.

At the carrier’s AGM, more than a quarter of votes were cast against a non-binding resolution to approve compensation arrangements.

AIG-owned surplus lines insurer Lexington is bringing to market a combined professional and general liability policy offering "dual tower aggregate limits" aimed at healthcare facilities in the small to medium-sized enterprise (SME) segment.

The pivot to profitable growth will be a topic to watch as investors patiently wait for this execution to deliver real margin improvement.

The CEO of general insurance says AIG achieved average rate increases of 41% for cyber business at Q1.

The carrier’s North American commercial lines unit grew net written premiums by 29% to $2.7bn.

Binding insurers include Chubb and AIG, with reinsurance from Munich Re.