NEW YORK—The past year brought a first for AIG Property Casualty—a meteorite claim filed by a Siberian warehouse insured against earthbound space debris.
"History doesn't repeat itself; it rhymes," quoted Peter Hancock, CEO of AIG Property Casualty, at the Annual Insurance Executive Conference held here yesterday, drawing a parallel between Mark Twain's words and the changing global risk landscape.
Speaking on a panel outlining emerging risks and opportunities within insurance, Hancock listed climate change, cyber insurance, alternative capacity and public-private risk transfers as trends watched by AIG's P&C company.
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