Filed Under:Markets, Commercial Lines

AIG increases commercial property limits 67% to $2.5 billion

(Photo: Shutterstock)
(Photo: Shutterstock)

(Bloomberg) -- American International Group Inc., the largest commercial insurer in the U.S. and Canada, increased limits on property policies by 67% in a bid to build ties with multinational clients.

The limit was lifted to $2.5 billion per occurrence from $1.5 billion, where the figure stood since 2012, the New York- based insurer said Tuesday in a statement distributed by Business Wire.

Related: Trends and opportunities for commercial P&C insurance in 2016

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