AIG

AIG highlights commercial lines growth and improved underlying CR

As expected, AIG’s earnings call on Wednesday morning was dominated by commentary on pricing momentum in the carrier’s general insurance business, as management highlighted a strong commercial lines outlook after reporting solid growth in 2020 and improving underlying underwriting performance.

Arch adds Lexington’s Wicker to E&S property team

Arch Insurance Group has hired Rebecca Wicker from Lexington as regional vice president of E&S property for the central and south central regions.

New capital raised so far unlikely to change E&S market dynamics

While capacity from new entrants is welcome in the hardening E&S market, it has not reached levels that will alter current dynamics, according to AmWINS president James Drinkwater.

US surplus lines premium topped $55bn in 2019 as momentum continues: AM Best

Rate increases and business flow from the admitted market drove E&S premium to a record high last year as US domestic writers grew faster than Lloyd’s, while there are positive signs that the segment’s top line momentum has survived the Covid-19 blip, according to AM Best.

Western World adds contract binding head Hall from Colony

Lexington Insurance Company’s Western World unit has hired Ray Hall from Colony Specialty as national director as it continues to add to its roster of senior E&S executives, The Insurer can reveal.

Lexington takes E&S property exec from Chubb

Lexington Insurance Company has hired Brendan Duffy from rival Chubb to lead its brokerage property team in the western zone of the US, The Insurer can reveal.

Lexington hires Broks from Swiss Re CorSo

AIG’s E&S platform Lexington Insurance Company has hired Ella Broks from Swiss Re Corporate Solutions as national director of business development, The Insurer has learned.

Lexington like flying plane and fixing it at the same time: Levinson

There is still significant work required to execute the turnaround of AIG’s E&S platform despite the dramatic overhaul of its portfolio over the last 12 months, according to Lexington CEO Lou Levinson.

E&S carriers reveal rate hikes accelerating and broadening into 2020

Management for the parents of major excess and surplus lines (E&S) writers Lexington and RSUI have revealed impressive statistics for just how much rates and submissions changed in the fourth quarter.

Duperreault not focusing on top line despite AIG’s return to underwriting profit

AIG has revealed strong price increases on its earnings call, but CEO Brian Duperreault stressed the insurer is still focused on making sure the portfolio is “rock solid” before turning to growth mode.

Lexington submissions soar in Q3, despite slashing limits

AIG General Insurance CEO Peter Zaffino has hailed the strong turnaround at E&S unit Lexington while revealing details of the accelerating price increases the insurance giant is obtaining.

AIG returned to surplus lines growth last year following Validus acquisition

Duperreault lauds robust E&S sector in “tightening” market

AIG CEO Brian Duperreault has praised the discipline of the excess and surplus lines (E&S) market as it has responded to business flowing back from admitted carriers by pushing up rate and driving improved terms and conditions.

Ritz exits as Western World comes under Lexington structure

Former Western World CEO Jonathan Ritz is leaving the specialty carrier as it is realigned to become part of AIG’s Lexington Insurance E&S platform, The Insurer can reveal.