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Q2 cat losses at AIG declined to $170mn from $330mn in the prior year quarter. -
Price decreases became lower throughout Q2, however, averaging 3% in April, 2.3% in May and 1.6% in June.
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Social inflation is driving non-renewals, while CoRs are up for P&C and casualty.
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The 127-acre corporate campus has been the reinsurer’s North America headquarters since 1999.
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A quick roundup of today’s need-to-know news, including global cat losses, Honeycomb, Talanx and more.
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The carrier sees opportunities to grow in New York, the mid-Atlantic and Florida.
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The executive has been with the brokerage since 2004.
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CEO Rick McCathron also said the company is seeking to diversify its portfolio.
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This publication reported yesterday that Talanx was closing in on the sale.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The executive joins from At-Bay and brings more than 25 years of experience.
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The MGA will expand its US reach in apartments, condo associations and single-family rentals.
