AIG
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Based in Bermuda, Jesse DeCouto will report directly to Validus Re CEO Chris Schaper. -
The carrier has also disclosed carbon emission breakdowns across its underwriting portfolios, as well as D&I figures for its workforce, in an ESG report.
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The executive will take up the role of global head of marine at AIG.
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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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Insurers could face pressure if interest rate and recession fears intersect with worsening loss cost trends.
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The appeals court for the eighth circuit overturned a prior ruling by a district court which had dismissed the broker’s claims that dated back to 2017.
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The carrier, which has been a leader in the war liability market, has re-evaluated its appetite as a result of the Ukraine conflict.
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Other defendants in the complaint include Endurance, Great American Insurance, Ironshore, Ace American Insurance and TIG Insurance.
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Rate rises in the commercial lines market have decelerated in most insurance markets, but executives expect increases to remain above loss costs for some time.
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Inside P&C’s news team runs you through the key developments from the week.
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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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These results will strengthen convictions on the turnaround, but questions remain around how it will fare in a market where all insurers are looking to grow.
