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First acquisition in more than two years for AIG

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23 January, 2018 13:30

Photo : Freepik

After more than two years without acquisition, AIG has agreed to make the acquisition of Validus Holdings, located in Bermuda and the implementation in the reinsurance, insurance and front-line management of assets, and 5.56 billion, or 68 cents per share. The latest acquisition of AIG was that of the firm survey in cyberrisque K2 Intelligence.

«Validus is an excellent partner strategy for AIG, which brings new business and capabilities to our operations, damage insurance, which adds to our team of directors, and in-depth expertise in underwriting,» stresses Brian Duperreault, president and CEO of AIG.

Several subsidiaries

AIG therefore inherits several franchises of Validus, Validus Re, the reinsurance subsidiary which operates mainly in the markets of the residential, marine and special risks, AlphaCat, that makes the management of a $ 3.2-billion by investing in securities related to insurance, Talbot, a syndicate of Lloyd’s and of the Western World, a property and casualty insurer american specializing in small businesses.

«With our global scale and the strength of our balance sheet, I am confident that Validus will boom within aig and will be able to strengthen our ability to deliver profitable growth to our shareholders as we position the strategy of AIG for the future,» he added.

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