American International Group (AIG) has integrated Talbot’s regional facultative underwriting platforms with its regional underwriting team in Miami and Santiago to introduce AIG Facultative Desk, Latin America.

AIG´s Facultative Desk, Latin America will provide facultative reinsurance solutions through a single access point.

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The new desk will continue to write property, construction, political violence, marine cargo, downstream energy, fine arts and species, and ports and terminals businesses, which were earlier written by Talbot.

Additionally, the AIG Facultative Desk, Latin America will launch financial lines, surety and casualty under its new line of offering.

The integration follows the takeover of Validus by AIG in 2018. As part of Validus takeover, AIG also acquired Talbot, Validus Re, insurance-linked securities (ILS) asset manager AlphaCat, and Western World, as well as Crop Risk Services.

Talbot operated as a Lloyd’s of London syndicate focused on short-tail specialty lines whereas Western World is a specialist small commercial excess and surplus underwriting in US.

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AIG Latin America and the Caribbean CEO Paride Della Rosa said: “We´re glad to welcome Talbot Underwriting Latam´s team to AIG. This unification of operations and increased product offering will allow AIG to better serve the needs of regional Cedents and reinsurance brokers in the region.”

AIG Facultative Desk, Latin America head Luis Sonville stated: “The AIG Facultative Desk, Latin America will provide clients with increased capacity and greater product offerings, including lead lines, on behalf of AIG and Talbot Underwriting Ltd Syndicate 1183 at Lloyd’s.”