Core Viewpoint - AM Best has revised the outlook of AIG's property/casualty insurance subsidiaries to positive from stable, affirming strong financial ratings [1][3] Group 1: Financial Strength and Ratings - AIG's property/casualty insurance subsidiaries have been affirmed a Financial Strength Rating of A (Excellent) and a Long-Term Issuer Credit Rating of "a+" (Excellent) [1] - AIG itself has received a Long-Term Issuer Credit Rating of "bbb+" (Good) with a positive outlook [3] Group 2: Performance Metrics - The positive outlook reflects AIG PC's improved underwriting and operating performance, aligning with higher-rated peers [4] - AIG PC's risk-adjusted capitalisation remains strong, supported by improving underwriting performance and efforts to lower risk on the balance sheet [5] Group 3: Business Profile and Market Position - AIG has shifted focus to underwriting profitability in selected specialty segments, enhancing its business profile [5][6] - The company has demonstrated deep expertise in commercial lines and utilizes diverse distribution channels, sustaining improving underwriting profitability [7] Group 4: Recent Financial Results - AIG reported a significant increase in General Insurance underwriting income, rising 81% year-over-year to $793 million for Q3 2025 [7]

Core Insights - Marsh & McLennan Agency (MMA) has acquired Excel Insurance, an independent insurance agency in Florida, to enhance its presence in South Florida, particularly in auto and watercraft insurance [1][9] - All Excel employees, including President Jacob Pared, will join MMA's Doral Office to ensure continuity of service for existing customers [2][9] - The acquisition is part of MMA's strategy to expand by integrating specialized agencies that understand local risks, leveraging Excel's expertise in vehicle and marine insurance [3][4] Financial Performance - Marsh & McLennan's revenues increased by 10% and 8% year over year in 2023 and 2024, respectively, with a further improvement of 9.1% year over year in Q1 2025 [5] - Year-to-date, Marsh & McLennan shares have gained 0.1%, while the industry has grown by 1.2% [6] Market Position - The acquisition provides MMA with a dedicated customer base, a broader range of products, and a skilled local team, enhancing its service offerings while maintaining a personalized approach for Excel clients [4][9] - The success of the acquisition will depend on effective client integration and retention, which could lead to increased brand visibility and premium revenues in a competitive market [5]