Daily Digest: AIG bullish on Everest book, Lancashire books 9M premium growth, WTW on renewable energy

Catch up on the essential news and analysis from the Insurance Day experts

AIG confident on profitability of acquired Everest US casualty bookAIG president and chief executive Peter Zaffino has insisted the US casualty portfolio acquired from Everest will meet the company’s profitability targets. Last week, AIG announced it had acquired the rights to renew Everest’s US, UK, European and Asia-Pacific commercial retail businesses, totalling an estimated $2bn of aggregate gross premiums written. The United States makes up the largest portion of the book, with $1.3bn of eligible gross premiums written. Approximately 40% of the total portfolio is casualty insurance.