Florida-based specialty insurer targets London and UK markets as part of wider European expansion plans

Sector books underwriting profit of $4.1bn for the first nine months of 2024 compared with a year-earlier loss of $32.1bn, according to AM Best 

Florida last resort property insurer cuts one-in-100-year probable maximum loss to $11.93bn amid lower expected policy count

Deal includes AIG's Travel Guard operation but excludes US group's travel insurance business in Japan and joint venture in India

Joint venture with investment firm Bain Capital will ‘balance strategic flexibility and capital efficiency’, broker's chief executive says

Executive succeeds Kevin Smith, who is taking early retirement