AIG’s Mark Lyons sees Q3 insured catastrophe losses at $40bn
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AIG’s Mark Lyons sees Q3 insured catastrophe losses at $40bn

Firefighter Holding Hose Pointing Water Stream onto Fire

AIG CFO Mark Lyons has projected that total insured catastrophe losses for the third quarter will likely be “north of $40bn”.

“Between Ida and Germany and Japan and wildfires, it looks to me that in the industry this is $40bn-ish in losses,” the executive told participants at the Barclay’s Global Financial Services Virtual Conference.

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