AIG
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The firm’s North America CoR deteriorated 8.3 points to 114%, but the international division’s CoR improved 13.3 points to 81.4%. -
The Massachusetts Bay Transportation Authority claims the firms failed to act over the bankruptcy of LMH-Lane Cabot Yard Joint Venture.
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Universal P&C, the FHCF, Axis, Berkshire and Nephila are among the firms that will be in focus as the loss develops.
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Hurricane Ian’s total effect is still unknown, but lessons from Hurricane Irma give insight into potential outcomes.
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Josh Brekenfeld succeeds Patrick Mahon, who has been appointed head of group business for global accident and health.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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AIG is offering 80 million existing shares of common stock, or 12.4%, out of 645 million total common shares of Corebridge.
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Inside P&C’s morning summary of the key stories to get you up to speed fast.
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The executive has over two decades of experience in the property underwriting sector, having worked for various carriers, including PartnerRe and RSA.
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Paul McLaughlin, senior underwriting manager for Lexington, will head up the new team.
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The executive pointed at cyber and excess and surplus carrier Lexington as businesses that AIG was seeing rapid growth.
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The company is offering 80 million Corebridge shares, or 12.4% of the subsidiary’s 645 million total common shares.
