AIG
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The executive is to pursue “a different entrepreneurial path”, according to an internal memo. -
AIG sees improvement from tightened underwriting, though value creation has yet to catch up.
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In certain classes like energy or cat, AIG switched “a bit” to XoL from quota share.
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The carrier reported an E&S property slowdown but “massive” submission activity in casualty.
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The Insurance Insider US news team runs you through the earnings results for the day.
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North America commercial lines' adjusted NWP grew 4% YoY on higher rates and new business.
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The executive is to step back for personal reasons.
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The group is looking to realize $500mn of run-rate savings through AIG Next.
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The global insurer also alleges breach of contract and fiduciary duty in the federal suit.
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As admitted carriers pull out of riskier plays, E&S continues to expand and thrive.
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Glatfelter CEO Chris Flatt will become interim chief executive.
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A review of commercial lines loss picks for AIG vs the industry
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