HARTFORD, CONN.--An executive with American International Group Inc. told a federal jury today that he never saw the data needed to evaluate a reinsurance transaction that prosecutors say inflated AIG loss reserves by $500 million.

Jay Morrow was chief actuary, based in New York, in 2000 when the deal between General Reinsurance Corp and AIG took place. He is now senior vice president of the foreign general operations unit, responsible for writing all property-casualty insurance outside North America.

Questioned by U.S. Assistant Attorney Raymond Patricco, Mr. Morrow said in a calm, matter-of-fact tone that when he met with defendant and former AIG reinsurance chief Christian Milton to go over specifics of the transaction, "I had a number of questions about the deal."

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