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

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

AIG sees third-quarter catastrophe losses of $1.5 billion-$1.7 billion
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Brendan McDermid(Reuters)
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(Reuters) - Insurer American International Group Inc <AIG.N> 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.

AIG shares fell about 4 percent in extended trading.

(Reporting by Arjun Panchadar in Bengaluru; Editing by Sai Sachin Ravikumar)

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