AIG
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The ratings agency said the transaction reduced the carrier’s exposure to higher risk legacy products.
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Carlyle and its investors will own 71.5 percent of the entity, which acquires life and property and casualty assets in run off. -
An unsuccessful appeal against the claim by 23 former UK executives could encourage similar actions by ex-employees in the US.
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The executive said a lockup in retro capacity, linked to Japanese typhoons, will further encourage reinsurers to raise rates.
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Allison Barrett will move to the carrier from a senior financial institutions role at Willis Towers Watson.
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Industry veteran has “never seen anything like it” after admitting AIG was not “addressing the E&S market appropriately”.
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The AIG subsidiary achieved rate rises of 30 percent across commercial D&O while also reducing its portfolio loss exposure.
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“Aggressive limit management” has been deployed across the insurer’s book.
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AIG's steps to deconsolidate its long term liabilities and shift of HNW business to Lloyd's shows broader push to remove capital intensive tail-risk.
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Valic is a Houston-based life insurance business specialising in retirement plans for teachers.
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Further details come to light on AIG’s plans for $1bn Syndicate 2019.
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May 15, 2025 -
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