AIG records $7.9bn quarterly loss driven by de-risking deals, higher cat and COVID-19

04-08-2020

AIG records $7.9bn quarterly loss driven by de-risking deals, higher cat and COVID-19

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.


AIG, 2020 results, Loss, Coronavirus, Private equity, Catastrophe, Insurance. Reinsurance, Brian Duperreault, North America

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