AIG

Speaking at a conference in New York, the executive said long-term partnerships allow for increased consistency.

National Union Fire’s existing contract with Florida Specialty is due to expire on 1 June.

The carrier scales back to writing just a small amount of US risk following the Brumadinho dam collapse.

Carrier continues to overhaul various business lines as it aims for underwriting profit, said CFO Lyons.

A New Jersey federal judge rejected insurers’ request to throw out key counts in the lawsuit.

An advisory motion on pay was narrowly approved with more than 45 percent of shareholders voting against it.

A settlement over the October 2017 mass shooting could reach as high as $800mn, the casino firm said.

The stake, held by Starr, was worth more than $20bn at its height and will be re-invested in other opportunities.

Analysts noted “solid underwriting outperformance” and a lack of reserve strengthening.

Rate rises and changes to risk selection bolster earnings.

The insurer says that profitability is expected to continue for the rest of 2019.

We have previously written that a rationally competitive AIG could be the most important secular change to the US commercial P&C industry structure in a generation. As such, the firm’s Q1 results and earnings call will likely face even more scrutiny than normal.