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A strategy is in place for the carrier to expand its presence on the Island. -
Levitz will become executive chairman starting in 2025.
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Sources said that the business will be marketed off adjusted Ebitda of ~$500mn, including a title broking asset.
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The GWP total marked an 18% year-over-year increase from $145bn in 2022.
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The move is the latest phase of the operational transformation program, AIG Next.
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In connection with the transactions, Conifer CEO Nick Petcoff resigned from the position.
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A quick roundup of today’s need-to-know news, including McGriff's sale process and cat losses.
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The top three states averaged a 3.7% year-over-year gain, compared to July's 16.1%.
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It will offer additional capacity to WTW US property clients with a limit up to $25mn.
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The underwriting units produced revenue of $11mn in the year to June 30.
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Geo Europe CEO Walter Craft will remain with the financial lines business.
