AIG

Hurricanes, floods and wildfires are pushing up Q3 catastrophe losses, AIG's finance chief says.

Dyer will work as head of logistics, while Adams will support Greek clients with insurance and risk management.

The insurer’s CEO and president Peter Zaffino will take on the extra remit when executive chairman Brian Duperreault switches to a non-exec role at the end of the year.

Goldberg will report to Susan Chmieleski, Lexington head of professional lines.

The Inside P&C Select Index outperformed the S&P 500 (5.7% to 2.9%) in August, despite Hurricane Ida making landfall.

The drivers that led to the consolidation in the reinsurance industry might not replicate for a while.

The newcomers are finding it more difficult to disrupt the sector than they had expected.

Employment data indicates that easy growth and margin expansion may slow soon.

The ransomware surge is likely to lead to changes in the product, a shake-up in market share and challenges for MGAs.

With the call taken on the break-up and radical re-underwriting over, the firm may become Just Another P&C Insurance Company.

The company expects inflation rate will rise 4%-5% in the medium term.

CEO Peter Zaffino said on Friday that AIG expects to be able to list more of the L&R unit than the 19.9% originally planned, and would fully use its remaining tax credits in 2022.