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The company has now posted rate increases for 37 consecutive quarters. -
The $21/share pricing falls in the middle of the expected range.
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The company is also prepared for potential M&A activity.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Zaffino said AIG will continue to assess strategic opportunities after the Convex, Onex and Everest deals.
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T&Cs, as well as exclusions, remain largely unchanged, the executive said.
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The Marsh-placed account renews its all-risks cover on 16 November.
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Adeptive co-founder and CUO Jeff Bright will lead the MGU’s US strategy.
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The carrier is continuing to reposition its portfolio to drive more consistent returns.
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Underwriting income for North America quadrupled to $384mn, and the segment recorded a CoR of 82.6%.
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The chief executive said he doesn’t expect to see a price drop anytime soon.
