AIG Q3 GI CoR ticks up to 92.6% on higher cats, lower reserve releases
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AIG Q3 GI CoR ticks up to 92.6% on higher cats, lower reserve releases

The carrier reported a “large closeout transaction” that benefited the CoR but created a 0.7-point headwind for the loss ratio.

By Jairo Ibarra
November 04, 2024
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AIG’s Q3 general insurance (GI) combined ratio (CoR) rose 2.4 points to 92.6% on a comparable basis, adjusting for the divestiture of Validus Re, on slightly higher catastrophe losses and lower favorable reserve development.

The

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