Gross wildfire PMLs down 35%-40% since 2021: AIG CEO Zaffino
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Gross wildfire PMLs down 35%-40% since 2021: AIG CEO Zaffino

Jairo Ibarra
August 09, 2022
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AIG chairman and CEO Peter Zaffino has said that his company’s strategy to move high-net-worth property homeowners coverage to the non-admitted market in certain states is paying off, as gross wildfire PMLs are down 35% to 40% since December 2021.

“We will continue to provide coverage to our clients in the US utilizing a hybrid model of non-admitted and admitted products in some states and admitted-only products in other states,” he told analysts during the company’s second quarter conference...

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Jairo Ibarra
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