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AIG sees 3rd-quarter catastrophe losses of about $3 bln
October 9, 2017 / 8:36 PM / 2 months ago

AIG sees 3rd-quarter catastrophe losses of about $3 bln

Oct 9 (Reuters) - American International Group Inc said on Monday it expected to book pre-tax catastrophe losses of $2.9 billion to $3.1 billion, net of reinsurance, in the third quarter mainly related to recent hurricanes.

The company estimated pre-tax losses of $1.1 billion to $1.2 billion from Hurricane Harvey, $1.0 billion to $1.1 billion from Hurricane Irma and $600 million to $700 million from Hurricane Maria.

AIG said losses from Mexico earthquakes is expected at $150 million. (Reporting by Ahmed Farhatha in Bengaluru; Editing by Anil D‘Silva)

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