peter-zaffino_aig

2 August 2023Insurance

AIG making major slash to long-odds PMLs on Validus Re sale: CEO

US insurance group AIG will enjoy a major de-risking from the pending sale of its reinsurance operations, focused on Validus Re, with some peak-peril long-odds PMLs down by 50 to 85%, rendering a $400 million cut to AIG’s risk-based capital requirements.

Already registered?

Login to your account

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Adrian Tapping at atapping@newtonmedia.co.uk

More on this story

Lloyd’s CEO throw gauntlet down to governments over what they will insure

3 July 2026 Understanding state responsibility would help London Market price risk, says Tiernan.

California clears key reform: FAIR Plan cost pass-through upheld

3 July 2026 Sought to avoid prisoner’s dilemma amongst FAIR Plan member carriers.

US airline risks face renewal hurdles as aerospace rates remain suppressed: Marsh

3 July 2026 Marsh says general aviation remains soft with abundant re/insurer capacity.

More articles

Lloyd’s CEO throw gauntlet down to governments over what they will insure

Reinsurers’ ray of Suncorp: Aussies spend more as market softens

Data loss, cyber-attack continue to weigh heavily on C-suite minds

Flood Re halves premiums for low-income homes, prepares for 2039 exit

California clears key reform: FAIR Plan cost pass-through upheld

ICEYE expands wildfire intelligence platform into Canadian market

US airline risks face renewal hurdles as aerospace rates remain suppressed: Marsh

On the menu: Howden services US food and beverage sector risk appetite

Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze