AIG settles in Lloyd’s

The American International Group (AIG), targets wealthy American customers. The operation planned for 2020, emanated from a newly created Lloyd’s “Syndicate 2019”.

The 2019 Syndicate shall provide real estate, luxury cars and Art work coverage. It also plans to develop cyber insurance products which is extremely sought by the wealthy.

The administration of the new entity will be entrusted to the management agency "Talbot Underwriting Limited". AIG expects to make 1 billion USD of annual premiums. This policy is in line with AIG’s aim to diversify its portfolio by targeting the well-to-do.