AIG strikes MGA deal to drive expansion in high-net-worth markets

classic car hnw

AIG has not ruled out the UK and European markets following a deal with private equity-focused reinsurer Stone Point Capital to create a new managing general agency for HNW markets.

The US insurance giant will also use Lloyd’s – specifically its own Syndicate 2019 – to provide capacity.

AIG CEO Peter Zaffino said: “By partnering with a world-class private equity firm like Stone Point, we can maximise the strengths of this business, and improve product offerings to better serve the high and ultra-high-net-worth markets.”

An AIG spokesperson said they could not give any more detail on exactly what markets the MGA would serve.

Related Aviva strikes Azur HNW deal

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