23 February 2018

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Duperreault: AIG North American commercial shows reserve stability

9 February 2018

AIG, currently in the midst of a deal to acquire Validus for $5.6bn, has sought to reassure investors that, although not out of the North American casualty crisis woods yet, more daylight is illuminating the forest.

Commenting on its Q4 2017 results, CEO Brian Duperreault noted that "importantly, our fourth quarter reserve review resulted in modest net adverse development and our general insurance North America commercial business showed notable improvement and reserve stability".

Duperreault's reassurance came as AIG core general...

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