AIG’s Post

Today we reached a major milestone in our strategy to reshape our business and deliver greater shareholder value. This morning we signed the largest ever Long-Term Care (LTC) reinsurance transaction in our industry’s history, helping further reshape our portfolio and de-risk our business. Since 2018, we have been focused on transforming our business to deliver strong value for our customers, colleagues and shareholders. This deal allows us to focus on supporting customers with products suited to the needs of today’s market while freeing up $1.2 billion in capital, which we plan to return in full to our shareholders by buying back our common shares, resulting in core earnings per share and core return on equity growth. https://ow.ly/qorB50Qhkec

In our pursuit of excellence, we go #BeyondFinancialMetrics when selecting reinsurance partners. We prioritize forging alliances with #reinsurers renowned for their sterling #ReputationAndTrackRecord in the industry. Through meticulous #MarketAnalysis, we assess their performance, reliability, and responsiveness, ensuring they align with our commitment to integrity and professionalism. #ReinsuranceBroking #ReinsuranceSolutionsKenya

Charting the course of reinsurance growth in Cayman! Explore the trends and insights with Cayman Focus 2024 by Captive International. Read now: https://ow.ly/nWCz50QmXF5 #Reinsurance #CaymanFocus #captive #captiveinsurance

💥The good news is that insurers now recognize the key role an upgraded underwriting function can play in increasing agility, capturing new business, and driving improved profitability. With new technology and the assistance of a reliable and knowledgeable partner, insurers can move rapidly to generate improved business results. Get a fresh look here >> https://bit.ly/3VhNVJv #underwriting #insurers #business

Our team is the heart of our success. We believe in fostering relationships built on trust, collaboration, and a genuine commitment to your success. Our industry expertise that goes beyond the basics as we stay ahead of trends, regulatory changes and emerging risks, to ensure you receive advice that's not only sound but also forward-thinking. Time is of the essence in the insurance world and we understand the urgency of your business. Our commitment to swift turnaround times ensures that you and your clients get the support you need when you need it. Working with us means partnering with individuals who are not just experts but also passionate about delivering the best. Learn more about why you should choose MX Commercial: https://hubs.la/Q02ktQGX0 #OpportunitiesUnlocked #InsuranceSolutions #MGA #BrokerPartnership

We are pleased to announce our new Insurance-Linked Securities (ILS) division, which will be led Thad Hall. This addition is set to revolutionize how we connect risk to capital, offering bespoke, high-value solutions in reinsurance. Read the full story here: https://lnkd.in/gcRcpaWB #AugmentRisk #InnovationInReinsurance #InsuranceLinkedSecurities #RiskManagement

Top 2️⃣0️⃣ #ITtrending stories from Q2 2024 🔥 At number 9: UK dubbed ‘Wall Street of insurance’ as international interest in acquisitions grows ’I would not be surprised if there [were] more internationals coming into the UK,’ says co-chief executive James Cowen #insurance #insuranceindustry #insurancenews #ukgi #insurancebroker #brokers #broker #insurers #insurer #mgas #mga #b2b https://lnkd.in/eBwpTNT8

S&P’s new capital model has meaningful implications on insurers’ reinsurance purchase decisions. Given changes to debt-funded capital credit and other capital adjustments, generally higher underwriting capital factors, enhanced diversification benefits, and varying natural catastrophe return period requirements, insurers should consider whether to re-assess the cost/benefit of their current reinsurance programs. Capital relief structures such as quota shares and legacy covers that target capital intensive lines of business as well as increased catastrophe limit may offer substantial S&P capital relief.   Learn more here: https://lnkd.in/g-W63Cjn (please note our disclaimer within this link)   Please reach out to your Lockton Re broker or Paul Hyer or John Mercer, CPCU, ARe to evaluate strategic reinsurance solutions that maximize benefits within the new S&P capital model framework.   #reinsurance #capital