AIG general insurance’s income jumps 69% as unit returns to underwriting profit

Peter Zaffino, AIG

AIG’s general insurance business has moved from “remediation to profitable growth”, said group CEO Peter Zaffino as he announced improved profit, underwriting results and combined ratio in the first quarter, with international commercial lines performing particularly well. General insurance’s adjusted pre-tax income was up 69% in the first quarter to $845m, due to a better underwriting results and higher net…

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