AIG to ‘likely’ buy ADC to minimize reserve exposure in Validus book: CEO Zaffino
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
  • Free Trial
  • Log in

AIG to ‘likely’ buy ADC to minimize reserve exposure in Validus book: CEO Zaffino

Jairo Ibarra
August 02, 2023
  • X
  • LinkedIn
  • Show more sharing options
  • Print
  • X
  • LinkedIn
AIG question marks.jpg

AIG will “likely purchase” an adverse development cover (ADC) prior to the closing of Validus Re sale to RenaissanceRe, CEO Peter Zaffino said.

On a call with analysts discussing AIG's Q2 results, Zaffino said the ADC protection will “minimize potential future reserve exposure” of the portfolio.

AIG

Request a free trial:

Fuel a smarter strategy with our actionable market intelligence

    • Gain a competitive edge and accelerate decision-making
    • Be empowered by insights that transform confusion to clarity
    • Uncover growth opportunities and prepare for potential threats
Request a free trial Already a subscriber? Log in now

Topics

News Results AIG Earnings
jairo ibarra/jairo ibarra ii us.png
Jairo Ibarra
Senior Reporter
Contact
Gift this article