AIG

New CEOs were not able to consistently create higher book value growth than their predecessors, and any growth achieved wasn’t maintained after five years.

The 11-year Aon veteran most recently served as strategy director and client leader at Aon InPoint.

The executive previously served as an equity analyst at KBW and Morgan Stanley.

Sven Wehmeyer, who will remain as CEO of Validus’s Zurich-domiciled reinsurance arm, replaced Steve Bardill as head of international on 1 June.

Zaffino had said he wanted the deal done by year-end but conceded that the timetable might slip into 2022 depending on regulatory factors and market conditions.

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.