AIG
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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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Ellis is a leading figure in the US property market and oversaw a $3bn portfolio of commercial insurance premiums at Marsh.
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Purtill will coordinate relationships with investors, ratings agencies and bankers.
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The switch follows the promotion of Mark Lyons to the role of CFO.
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Earnings per share easily exceeded analysts’ forecasts, while the overall and North American commercial insurance combined ratio both improved significantly.
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The carrier meaningfully cut back gross limits while booking rate gains to improve the quality of its general insurance portfolio in Q2.
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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.
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Higher NII from alternative investments and better commercial P&C underwriting improved results.
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