AIG exits HNW admitted markets as it looks to third-party capital
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AIG exits HNW admitted markets as it looks to third-party capital

Liz Bury
09 August 2022
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AIG has exited the admitted market for high new worth (HNW) homeowners in certain cat-exposed states in Q2, owing to rising loss costs and reinsurance rates, Peter Zaffino, chairman and CEO, said on the firm’s Q2 earnings call.

He said the firm planned to move homeowners and possibly other products in more states to the non-admitted market.

“We

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