AIG has confirmed the launch of its third-party-capitalised reinsurance syndicate, with Syndicate 2478 set to commence underwriting at Lloyd's from 1 January 2025.
Liberty Mutual’s North America Global Risk Solutions (GRS) business is set up for long-term success and “predictable” results after work undertaken in recent years, outgoing region head Kevin Smith has said, with the unit on course to report its best combined ratio in nearly a decade.
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“The launch of Syndicate 2478 is a significant endorsement of the quality of our P&C underwriting portfolio and demonstrates the strength of our strategic relationships with Blackstone and Lloyd’s – distinct advantages that set AIG apart”
Charlie Fry, executive vice president, reinsurance & risk capital optimisation, AIG, confirms the launch of Syndicate 2478 with the backing of third-party capital from Blackstone-managed funds
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