The first product's participating fund will invest in private credit, infrastructure and real estate, as rivals seek to build multi-jurisdiction platforms for wealthy Asian families.
The appointment marks Ishida's return to AIG after more than a decade, following leadership roles at Everest Insurance, Zurich and other global insurers.
Lower natural catastrophe losses and accumulated fire insurance rate revisions outweighed persistent inflation in automobile claims across fiscal-year 2025, while overseas profit growth added support.
The leadership change follows Markel's broader Asia-Pacific expansion strategy, including ambitions to nearly double its regional business over the next five years.
