May 10, 2020
AIG launches Syndicate 2019
In a follow up of our article last year, AIG has announced on 4 May (click here for Press Release) that Lloyd’s had given it approval for the launch of Syndicate 2019 with a capacity of US$1bn which will make it the largest ever new syndicate.
The syndicate will write AIG’s Private Client Group (“PCG”) High Net Worth business which includes high net worth homeowners, auto, collections, yacht, personal umbrella and specialty coverage for earthquake, excess flood and workers compensation insurance coverages…