AIG forms new syndicate at Lloyd's to target wealthy Americans

Pedro Gonçalves
AIG forms new syndicate at Lloyd's to target wealthy Americans

American International Group (AIG) is preparing to launch a new business through Lloyd's of London that will serve wealthy Americans. The syndicate will offer cover for risks in areas such as property, motor and fine arts and will also look at product innovation, including cyber insurance. The US group said that the business could generate up to $1bn in annual premiums. Syndicate 2019 will be managed by Talbot Underwriting Limited, a managing agency acquired by Lloyd's last year. The sy...

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