American International Group Inc. leads the excess casualty tower for MGM Resorts International, the owner of the Las Vegas casino hotel from where a lone gunman attacked a music festival, The Insurance Insider reported, citing sources.
AIG wrote the first $25 million of the $750 million excess casualty placement for MGM, according to the report. The insurer also reportedly has a significant participation on the cover purchased by entertainment company Live Nation that organized the music event in Las Vegas.
