AIG's Talbot to shut Australian and Lloyd’s China offices
Talbot Underwriting, a subsidiary of American International Group (previously Validus Holdings), is closing its Australian office and Lloyd’s China division, in a move the company hopes will bring "enhanced value" to its partners in the region.
The business currently written by these two offices will be renewed through its Singapore and London offices, according to the company's statement.
Talbot said that it is combining its regional underwriting capabilities into a single hub based in Singapore, allowing it to better serve clients in the region.
David Morris, CEO of Talbot Underwriting, said: “With the support of our brokers and clients, our offices have built strong relationships and significant regional expertise in writing insurance and reinsurance.
"These changes to our structure will allow us to serve our clients more efficiently and bring enhanced value to all our partners in the region.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news
Argo wins battle for board but shareholders split on executive reward
Swiss Re "excited" to promote Asian ILS market with first cat bond under Singapore's new framework
Swiss Re partners with aeronautics giant to model flood risk with drones
Everest Re adds Stone Point co-founder to board
Direct Line founder leads £2.5m investment in sharing economy insurance start-up Pikl
Markel hires head of personal accident, contingency in Asia from Chubb
Already registered?
Login to your account
If you don't have a login or your access has expired, you will need to purchase a subscription to gain access to this article, including all our online content.
For more information on individual annual subscriptions for full paid access and corporate subscription options please contact us.
To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk
Editor's picks
Editor's picks
More articles
Copyright © intelligentinsurer.com 2024 | Headless Content Management with Blaze