In this video, Jeff Lejfer, the CEO of New Day Underwriting, describes and comments on recent major changes in the markets for pollution legal liability insurance. With the exit of AIG from this line of business, the merger of Chubb and ACE, and the merger of XL and Catlin, capacity has been reduced. However, there is still plenty of capacity. It remains to be seen whether former AIG insureds will face changes in price and different terms and conditions from the remaining insurers.
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In this video, Jeff Lejfer, the CEO of New Day Underwriting, describes and comments on recent major changes in the markets for pollution legal liability insurance. With the exit of AIG from this line of business, the merger of Chubb and ACE, and the merger of XL and Catlin, capacity has been reduced. However, there is still plenty of capacity. It remains to be seen whether former AIG insureds will face changes in price and different terms and conditions from the remaining insurers.
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