AIG takes major hit from COVID-19 with quarterly profits down 93%

By David Robinson2020-05-05T14:05:00

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AIG (American International Group), a major player in the international superyacht insurance market, has reported a 93% fall in quarterly adjusted profits largely due to COVID-19, which it describes as “the single largest catastrophe loss the industry has ever seen”. Part of the fall was due to money put aside ...

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