AIG
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Pure pricing data suggested the D&O market kept taking rate-on-rate in Q4, while the policy restructuring and retention data showed early signs of peaking. -
Twelve funds, which together manage around $7.5bn in assets, will be moved into Touchstone Investments.
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Finance minister Nirmala Sitharaman said the government will lift the foreign direct ownership cap from 49% to 74%.
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Run-off business from the carrier’s general insurance and Fortitude Re units will now sit within its other operations segment.
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The new unit focuses on SME clients with under $150mn in revenue.
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Corine Troncy joins from Coface, where she was most recently a senior advisor to the French carrier’s executive committee.
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Bill Fahey is the latest senior D&O underwriter to switch roles as the management liability market continues to harden.
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The company expects reinsurance to provide 78% of its $2.5bn gross written premium target.
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Inside P&C places the key news from the past week under the microscope.
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The insurer highlights the discrepancy between how the Trump rally and BLM protests were treated.
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It follows earlier efforts by excess cyber insurers to introduce sub-limits during Q4.
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Validus executive Cossu and nine of her team move to Hudson.
