AIG adds retro cover for Validus, will likely buy ADC before RenRe deal closes

Published: Wed 6 Sep 2023

AIG leader Peter Zaffino has revealed that the firm bought additional retro cover for Validus Re and a reinsurance placement for Private Client Group at the mid-year renewals, adding that it will likely purchase an adverse development cover for Validus Re’s reserves prior to the divestiture to RenaissanceRe.