AIG writes 40% of combined Walmart property programme

AIG has taken a huge 40 percent line on a newly consolidated
property cover for retail giant Walmart that rolls its expiring US
placement into a global structure, The Insurance
Insider can reveal.
According to sources, the 1 April renewal combined what had
previously been separate US and rest of the world (ROW) placements
into a single tower with $825mn of limit.
The move comes as US property rates for large account commercial
business see moderate increases in the aftermath...