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American International Group, Inc. has raised available global commercial property limits to $2.5 billion per occurrence.
“The move responds to the growing demand for capacity and services by clients managing more complex global risks and increasing property values,” said AIG in a statement issued Tuesday. “It also reflects AIG's greater appetite for property risk based on its ongoing expansion of risk engineering and data analytics capabilities.”
AIG has offered limits of $1.5 billion per occurrence since 2012.
Don Pickens has been named chief underwriting officer for Zurich Insurance Zurich Global Corporate in North America, Zurich announced Wednesday.
Zurich plucks AIG exec as corporate underwriting officer for North America
AIG buys into wearable technology to mitigate risk, boost worker safety
VIG's Bulgarian unit completes acquisition of bancassurer UBB-AIG
5. Everest expands role of head of reinsurance, appoints new global exec
6. Trump fails to get appeal bond for $454 million civil fraud judgment