AIG CEO Says Catastrophe Losses in 4Q Could Top $750 Million -Reuters
December 05 2018 - 4:20PM
Dow Jones News
--The chief executive of American International Group Inc. (AIG)
said the insurer has run up catastrophe losses estimated between
$750 million and $800 million in the fourth quarter, Reuters
reported Wednesday.
--Speaking at a conference in New York City, Brian Duperreault
said that figure doesn't include losses for December, the report
said.
--The company anticipates an overall 8% adjusted return on
equity going into 2019, he said, according to the report.
Full story:
https://www.reuters.com/article/us-aig-ceo-outlook/aig-hit-with-750-million-to-800-million-in-fourth-quarter-catastrophe-losses-ceo-idUSKBN1O41ZO
--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com
(END) Dow Jones Newswires
December 05, 2018 16:05 ET (21:05 GMT)
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