trending Market Intelligence /marketintelligence/en/news-insights/trending/WJ3qiGjIwNWPHk3uxE7u-A2 content esgSubNav
In This List

AIG launching new Lloyd's syndicate for high net worth segment

Video

S&P Capital IQ Pro | Powering Your Edge

Case Study

A Prestigious Global Business School Gains a Competitive Edge

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Blog

Beyond ESG with Climate Stress Testing: Getting Practical at Banks & Insurers


AIG launching new Lloyd's syndicate for high net worth segment

American International Group Inc. is set to kick off a new syndicate at Lloyd's of London to serve the specialist U.S. high net worth market.

Syndicate 2019 will be managed by Talbot Underwriting Ltd., the managing agency acquired by AIG in 2018, and is eyeing writing up to $1 billion in gross written premiums.

The new syndicate aims to start writing business effective Jan. 1, 2020, subject to regulatory approval. AIG said the syndicate has undergone the normal scrutiny Lloyd's applies to any potential new entrant. It has also benefited from some of the framework improvements for new entrants being piloted as part of the Future at Lloyd's Blueprint One, the insurance giant added.

AIG is being advised on the transaction by Evercore and Aon.