AIG takes $272m hit from industry's 'largest cat loss ever'; withdraws guidance

05-05-2020

AIG takes $272m hit from industry's 'largest cat loss ever'; withdraws guidance

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American International Group (AIG) has withdrawn its previously issued profit guidance with its CEO pointing to "significant uncertainty" and ramifications of COVID-19, which he says will be the "single largest cat loss the industry has ever seen".


AIG, Coronavirus, Insurance, Reinsurance, Q1, 2020 results, North America

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