Sullivan: focus must be on discipline
The insurance industry covers infinite risk with finite capacity, but therein lies the opportunity, ...
The insurance industry covers infinite risk with finite capacity, but therein lies the opportunity, said AIG president and chief executive officer, Martin Sullivan, in the opening address at the BIBA conference on 23 May.
With 2006 likely to be its most profitable year on record, Sullivan said the insurance industry must now focus on maintaining underwriting discipline, and not simply follow rates downward, while broadening terms and increasing limits. He said that, by concentrating on finding a
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