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AIG sees third-quarter catastrophe losses of $1.5 billion-$1.7 billion

Published 18/10/2018, 21:55
Updated 18/10/2018, 22:00
© Reuters. FILE PHOTO: The AIG logo is seen at its building in New York's financial district

© Reuters. FILE PHOTO: The AIG logo is seen at its building in New York's financial district

(Reuters) - Insurer American International Group Inc (N:AIG) said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion.

"These losses are largely associated with multiple events in Japan, including Typhoons Jebi and Trami, as well as Hurricane Florence and revisions to our loss estimates on the California mudslides," AIG said in a statement.

© Reuters. FILE PHOTO: The AIG logo is seen at its building in New York's financial district

AIG shares fell about 4 percent in extended trading.

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