Q3 profits dip at AIG on back of cat losses
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AIG CEO Brian Duperreault; Source: AIG
American International Group (AIG) swung to a quarterly loss driven by higher catastrophe, COVID-19, private equity losses and costs tied to the sale of Fortitude stake, but insisted that its underlying underwriting profitability is improving and the company remains well positioned for future growth opportunities.
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AIG, 2020 results, Loss, Coronavirus, Private equity, Catastrophe, Insurance. Reinsurance, Brian Duperreault, North America
