AIG
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Michelle Sipple has left amid a surge in premiums in the inland marine market. -
AIG is likely to have exhausted its $550mn Japanese reinsurance cover after typhoons Faxai and Hagibis.
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Data tools could help the carrier boost profitability for the line, which has been under significant strain across the market.
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Pene Reuben re-enters the market after leaving Allied World in April.
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AIG, Chubb, Markel, Swiss Re and Zurich are among the carriers which face potential losses from the tour operator's collapse.
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The carrier also confirms the appointment of Chubb upstream energy chief James Langdon as UK energy and construction head.
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Ex-Nationwide underwriter Penny Heron will lead the new division.
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Taken alone, either of AIG's stated operating goals would represent an enormously bold target. Achieving both simultaneously within 2-3 years would be heroic.
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The CEO predicts stable or marginally lower P&C premiums this year and says he’s comfortable with AIG’s Dorian loss outlook.
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The carrier will either affirmatively cover or explicitly exclude cyber across virtually all commercial P&C policies by January.
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We highlight the key new disclosures by P&C companies at an investor conference on Wednesday, including AIG, WR Berkley, The Hanover, and Third Point Re.
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Zaffino drew a comparison between Dorian and Hurricane Matthew in 2016.
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