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AIG said losses associated with Hurricane Florence, multiple events in Japan, including Typhoons Jebi and Trami would result in pre-tax losses, net of reinsurance, of between $1.5bn to $1.7bn.
A breakdown put pre-tax loss estimates from events in Asia at a range between $900m to $1bn, while those in North America were estimated to range between $600m to $700m “We are pleased that our efforts to restructure our North American reinsurance portfolio are yielding the desired result to mitigate our exposure to catastrophe losses,” said Brian Duperreault, chief executive. “We continue to look for ways to further evolve our global protection measures while remaining diligently focused on executing against our plan to position AIG for long-term sustainable, profitable growth.”
https://www.ft.com/content/a67851cc-d314-11e8-a9f2-7574db66bcd5
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