AIG
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The AIG subsidiary says it has no obligation to “defend or indemnify” McKinsey. -
The carrier is restructuring the business into three segments.
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The exec previously spent over 12 years at Aon, recently as chief innovation officer, commercial risk NA.
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The company’s stock price has plummeted in the wake of the LA wildfires.
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Christopher Flatt succeeds Christopher Schaper, who was appointed CRO of AIG in November.
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A Delaware judge ruled that a “bump-up” exclusion was inapplicable.
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Sonville’s hire was reported by Insurance Insider US last week.
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Sources said the executive will join AJ Gallagher in a regional leadership position.
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The carrier has used Lloyd’s London Bridge 2 structure for the launch.
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AIG launched an IPO of Corebridge Financial in September 2022.
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The sale of the business was confirmed in June.
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The AIG and Stone Point-owned MGU will also look to move up-market, increase its weighting to E&S and add third-party paper.
