AIG has launched a new Lloyd’s syndicate alongside insurance distributor, Amwins, and asset manager, Blackstone.
The special purpose vehicle, Syndicate 2479, will commence underwriting $300m of premiums that will be managed by AIG.
AIG said the portfolio is representative of a “broad and highly diversified” cross section of Amwins’ $6bn of delegated authority premiums.
As part of the assessment, AIG deployed Palantir’s tech capabilities to validate its analysis of the portfolio. AIG will also leverage Palantir’s Foundry platform and large language model agents to retrieve data and evaluate risk characteristics to understand how the Amwins’ program portfolio aligns with the Syndicate's risk appetite.
AIG chairman and CEO, Peter Zaffino, commented: “The formation of Syndicate 2479, which includes capital investment provided by Amwins and Blackstone, further advances our deployment of GenAI through a capability that can evaluate risk with more data and analytics at the individual level to optimise the special purpose vehicle.
“We believe this capability will unlock future opportunities for expansion and innovation in specialty and other lines of business.”