Analysts responded favorably to American International Group's investor meeting yesterday, noting the company should comfortably weather Katrina losses.
Bank of America equity analyst Brian Meredith said CEO Martin Sullivan's comments on pricing trends mean that the attractive returns on equities the commercial lines have been experiencing "should persist into at least 2007 now."
"Commentary on pricing after the hurricanes was in line with our expectations with price increases in primary property, marine and energy businesses," Mr. Meredith wrote.
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