AIG
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Analysis shows several CEOs with pay diverging from the trendline. -
The company now owns around 48.35% of Corebridge Financial’s stock.
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AIG is maintaining its initial 'unlawful misappropriation' suit against Dellwood.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The executive’s experience centers on program design for complex risk.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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The executive announced last month that he was leaving Parsyl, where he had worked since 2021.
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The deal represents a major milestone in AIG’s repositioning as a pure-play P&C insurer.
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The executive is to pursue “a different entrepreneurial path”, according to an internal memo.
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AIG sees improvement from tightened underwriting, though value creation has yet to catch up.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
