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AIG had 'severe losses' of $293 million in Q2, which it said was 'more than double the long-term average.'
Mega deals and IPOs are shaking up the global insurance industry in 2018.
Europe's largest insurer, Allianz SE, is in the early stages of evaluating a variety of potential acquisition targets.
The first of IICF's 2018 Women in Insurance Conferences took place yesterday, concluding with a powerful speech from Jenna Bush Hager.
Insurance results were hurt by catastrophe costs and a decline in net premiums written.
Axa SA agreed to buy XL Group Ltd. for $15.3 billion in cash, the biggest-ever European acquisition of a U.S. insurer, sending its shares plunging.
Brian Duperreault picked a tough year to shore up AIG's underwriting.
The $500 billion reinsurance industry is experiencing a flurry of deal talks.
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