Aig leads launch of syndicate 2478 at lloyd's through multi-year blackstone strategic relationship

New york--(business wire)--american international group, inc. (nyse: aig) today announced that it has led the launch of a new reinsurance syndicate at lloyd's. syndicate 2478 will commence underwriting from january 1, 2025, and will be a multi-year participant on aig's outwards reinsurance program. the syndicate, which will be managed by talbot underwriting limited at lloyd's, has approved stamp capacity of $715 million for the 2025 year of account. syndicate 2478 will be supported by third-par.
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