AIG
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Inside P&C places the key news from the past week under the microscope. -
The insurer highlights the discrepancy between how the Trump rally and BLM protests were treated.
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It follows earlier efforts by excess cyber insurers to introduce sub-limits during Q4.
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Validus executive Cossu and nine of her team move to Hudson.
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Hawkins was head of retail distribution at AIG, having joined the insurance giant in 2019, where he was a managing director.
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The insurer is also said to have scaled back its cession percentage to between 25%-30%, with final signings still being determined.
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The CEO called reinsurance an incumbents’ market, despite the influx of new capital.
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Senior management liability underwriters Brady Head and Shelley Norman have left for Berkshire Hathaway.
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Allison Barrett has taken over the underwriter’s responsibilities at the carrier.
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The carrier has placed its book of primary business into run-off but will continue to write space reinsurance.
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Lucy Fato gains an expanded role, as Emily Garbaccio is promoted.
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Insurance stocks hurtled upwards on a Biden victory and bullish vaccine news.
