AIG Hit With $750 Million to $800 Million in Fourth-Quarter Catastrophe Losses: CEO

AIG Hit With $750 Million to $800 Million in Fourth-Quarter Catastrophe Losses: CEO
Logo of troubled insurer American International Group Inc. September 17, 2008 outside their office in the lower Manhattan area of New York. Stan Honda/AFP/Getty Images
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American International Group Inc. has racked up an estimated $750 million to $800 million in catastrophe losses so far during the 2018 fourth quarter, its chief executive officer said on Dec. 5.

Still, the company’s general insurance unit is on track to enter 2019 “at a slight underwriting profit,” AIG CEO Brian Duperreault said at the Goldman Sachs U.S. Financial Services Conference in New York.