AIG plans to make direct investments into mortgages as part of its investment strategy, according to the Financial Times.
AIG’s chief investment officer Doug Dachille told investors that increasing the insurer’s mortgage portfolio was one of his “key initiatives”, the newspaper reported.
AIG has less than $4bn (£3.2bn) residential loans and $24bn of commercial loans on its books out of a balance sheet worth $515bn, the FT said.
Speaking at an investor day in New York, Dachille said AIG aims to replace some of the $400m profits it will forego by selling its UGC mortgage insurance business.
The 2025 Insurance Times Awards took place on the evening of Wednesday 3rd December in the iconic Great Room of London’s Grosvenor House.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
Many congratulations to all the worthy winners and as always, huge thanks to our sponsors for their support and our judges for their expertise.
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