P/C cat losses contribute to Q1 profit decline at AIG

06-05-2014

A mixture of higher catastrophe losses, unfavourable loss reserve development, and a decrease in net investment income in its property/casualty unit contributed to a slip in profits at American International Group (AIG) in the first quarter of 2014.


AIG, First Quarter 2014 Results, Robert Benmosche, North America,

Intelligent Insurer