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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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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.
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The highest releases in nearly 15 years challenge conventional wisdom on reserving.
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Urban expansion, climate change and inflation are key drivers of losses.
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The Insurance Insider US news team runs you through this week’s key M&A deals.
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Greg Lindberg owned four North Carolina-domiciled insurance companies.
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White Rock claims CCB was responsible for the “lion’s share” of fraudulent letters of credit.
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The PVT market has seen a recent spike in staff movements, as new capacity enters the space.