AIG to cede Hamilton Re $150mn of annual reinsurance premiums

Mon, 05/15/2017 - 16:57
by Trading Risk

AIG has agreed to cede up to $150mn of reinsurance premium per year to Hamilton Re for the next six years as part of negotiations that paved the way for Brian Duperreault to leave Hamilton to head up AIG.

If Hamilton Re takes up the opportunity to participate on its reinsurance panel, all pricing and other terms and conditions will be negotiated on an arm's-length basis and remain subject to AIG's risk management processes, the firm said in a Securities...

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