AIG Sees Third-Quarter Catastrophe Losses of $1.5B to $1.7B

Insurer American International Group said on Thursday it expects third-quarter pre-tax catastrophe losses, net of reinsurance, of between $1.5 billion and $1.7 billion.

Source: Reuters | Published on October 19, 2018

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"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.

AIG shares fell about 4 percent in extended trading.