AIG

The switch follows the promotion of Mark Lyons to the role of CFO.

Earnings per share easily exceeded analysts’ forecasts, while the overall and North American commercial insurance combined ratio both improved significantly.

The carrier meaningfully cut back gross limits while booking rate gains to improve the quality of its general insurance portfolio in Q2.

We have written extensively our conviction 2019 would prove an inflection point. However, it is now clear even we underestimated the extent management would wield the axe.

Higher NII from alternative investments and better commercial P&C underwriting improved results.

If the cover is exhausted, the Capital One data breach would mark a new record claim for the cyber market.

On releasing its inaugural climate-related financial disclosures report, the carrier names its first chief sustainability officer.

The new hire will bolster in-house investment capability.

The ratings company made the comments amid an affirmation of AIG’s credit and financial strength rating.

David Hawksby will lead the energy portfolio from Houston.

The US giant’s restructure will include a headcount review of the risk engineering unit.

Shane Fitzsimons has a strategic remit to develop internal infrastructure that cuts costs and leverages technology.