AIG dials back E&S writings

AIG has been scaling back its excess and surplus lines (E&S)
exposure as it responded to increased pricing pressure in the first
half of the year.
On the insurance giant's second quarter earnings call, the
carrier's executive vice president and CEO of commercial Robert
Schimek revealed that rate increases in parts of the business had
been partially offset by dwindling E&S pricing.
"We continued to observe pressure in the excess and surplus
lines property business," he said.
"Property rat