AIG
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Inside P&C’s morning summary of the key stories to get you up to speed fast. -
The departure of the president of North America retail was disclosed in an internal company memo.
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AIG’s combined ratio improved to 92.6% in 2022 from an average of 106% between 2018 and 2020.
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The move follows another incredibly soft year for the all-risk market as aviation war continues to harden.
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Jon Hancock has also been named as international insurance CEO.
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Having joined AIG in 2000, Poux was one of the Private Client Group’s founding members.
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The former general counsel and communications chief will move to the role on 1 October.
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The insurer has been working to build a reputation for favorable reserve development after past sins.
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Inside P&C’s news team runs you through the key highlights of the week.
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AIG has been course-correcting since 2008, but recent efforts including AIG 200 seem to have finally set it in the right direction.
