AIG
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Former Chesterfield managing director James Stevenson moves to exec chair.
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This follows AIG’s voluntary dismissal of claims against Dellwood’s top execs.
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This publication reported yesterday that the two carriers were nearing a deal.
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The disposal is the latest milestone in AIG’s work to reposition itself as a commercial lines insurer.
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Analysis shows several CEOs with pay diverging from the trendline.
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The company now owns around 48.35% of Corebridge Financial’s stock.
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AIG is maintaining its initial 'unlawful misappropriation' suit against Dellwood.
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MGAs outpaced the P&C industry for years, but growth has begun to stagnate.
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The executive’s experience centers on program design for complex risk.
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Browne joins from Allianz Global Corporate & Specialty, where he was head of specialty.
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The executive announced last month that he was leaving Parsyl, where he had worked since 2021.
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The deal represents a major milestone in AIG’s repositioning as a pure-play P&C insurer.
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