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...AIG has undergone significant change during his tenure, with moves including last year’s initial public offering of its life insurance and retirement business, Corebridge....
...Reinsurers, including Lloyd’s companies, are expected to bear the brunt....
...Barclays operates a partnership model in the US market, running co-branded credit cards for 20 companies including The Gap, JetBlue Airways and the AARP....
...Insurer databases showed Dali had liability insurance through Britannia, one of a global group of protection and indemnity insurers that shares losses and are ultimately reinsured at Lloyd’s of London....
...One focus is likely to be the protection and indemnity insurance covering the ship, a must-have liability insurance intended to pay out for crashes, oil spills and other disasters, the people said....
...The company spent billions of dollars acquiring truck-stop operator Pilot Flying J and insurance conglomerate Alleghany in recent years, adding them to a portfolio that includes ice cream purveyor Dairy...
...In any event, ask whether trustee indemnity insurance is in place, which might offer some reassurance....
...Here’s AIG’s relative total share return peer group: AIG says: Peers used for relative TSR performance metric applicable to PSUs granted in 2020 and 2021 reflected a combination of General Insurance, Life...
...AIG chief executive Peter Zaffino revealed in May that the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the...
...Chief executive Thomas Buberl promised to remain “disciplined” on pricing after a 9 per cent rise on commercial insurance premiums contributed to €55.7bn in group revenues, against a company-collated analyst...
...AIG chief executive Peter Zaffino revealed in May the company was “prepared to go” ahead with the sale of more Corebridge shares in the second quarter, having held off in the first three months of the year...
...The company scrapped its final dividend for the year as bad weather added to the pressure....
...The company said the head of its insurance operations, Gilles Dellaert, would lead the combined unit....
...Lessors managed to retrieve some of the planes but around 400 are still in the country and the companies subsequently lodged insurance claims last year....
...Based on its forecast book value and the 1.4 times book which AIG received for Validus, XL should be worth around €2.5bn in a trade sale, think Berenberg analysts....
...“One of these days, some life insurance company is going to get whacked on their private credit . . . You can have a run on a life insurance company.”...
...Yet shares of insurers such as Allstate, Progressive and AIG are down between 3 per cent and 22 per cent this year, while the S&P 500 has climbed 16 per cent....
...This was offset by strong trading in property and casualty insurance, which helped the company generate €4.1bn in underlying earnings....
...companies.”...
...But it does raise questions of competence and also why the cost of providing indemnity insurance to the buyer should be borne by the listed fund and not the manager....
...Allstate, State Farm and AIG have stopped underwriting new homeowners’ policies in California because of the risk of destructive wildfires....
...This trend has intensified in recent years with large insurers following suit: for example, Allstate, Chubb and AIG sharply scaled down operations in California citing onerous price regulation....
...The company said the payment was “in recognition of [his] contributions to AIG since he joined the company in 2018”....
...Skinner was a veteran of the marine protection and indemnity industry, according to industry publication TradeWinds....
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