
AIG
American International Group Inc
Insurance
American International Group Inc (AIG) Stock News
The latest AIG headlines and market coverage — 1 recent story, updated throughout the day.
- Zacks Investment Research·Neutral
How AIG Is Protecting Underwriting Quality as Property Pricing Softens
AIG is reducing property exposures and walking away from underpriced business to maintain underwriting discipline as North America property pricing becomes more competitive. Despite a 9% increase in General Insurance net premiums (11% excluding North America Property), the company's North America Commercial combined ratio deteriorated due to rate pressure. However, strong casualty pricing growth provides opportunities for profitable expansion elsewhere.