AIG suffers $790m Q3 cat loss and plans to split the group

Sarah JollyOctober 27, 2020
Brian Duperreault, chief executive officer, AIG
Brian Duperreault, AIG

AIG said it will spin off its life and retirement business from P&C operations, as it estimated catastrophe losses of $790m in the third quarter of 2020 net of reinsurance, including a $185m Covid-19 hit.

The pandemic ...

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Sarah JollyOctober 27, 2020
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