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Los Angeles wildfires and SCS pushed US losses to $89bn. -
The mechanism would work similarly to Flood Re.
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Several Lloyd’s syndicates are also now providing cover for the federal insurer.
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The underwriter will fill a newly created role at AIG.
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Join senior market leaders for a forward-looking discussion on performance trends, pricing dynamics, M&A signals and risk appetite across both admitted and E&S segments.
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Carriers posted weaker top-line results but delivered improved combined ratios.
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The MGA began offering US commercial E&S property products in December.
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The carrier now expects to deliver full-year operating profit of ~£2.2bn.
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James Kelly joins from Besso, having held senior positions at JLT, Lockton and Gallagher.
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The storm devastated Jamaica and Cuba, but insurance penetration on the islands is low.
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The executive said the firm has grown its casualty business by 80% from 2022.
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Interim CUO Nick Pritchard turned in his notice in August of this year.
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