AIG close to attaching NA aggregate treaty cover: CEO Zaffino
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AIG close to attaching NA aggregate treaty cover: CEO Zaffino

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AIG has reversed a prior 2018 reinsurance recovery after a large subrogation gain.

The carrier is now expecting “limited” catastrophe losses during Q4 as its worldwide retention has approximately $175mn remaining before the aggregate treaty attaches, which would essentially be for Japan catastrophes coverage.

“We

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