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NEW YORK–An executive with an American International Group subsidiary denied suggestions today that the company is holding onto business by engaging in aggressive price cutting that is prolonging the property-casualty soft market

John Q. Doyle, president and CEO, AIG Commercial Insurance, made his remarks during a panel discussion at the 20th Annual Executive Conference for the Property-Casualty Industry presented by National Underwriter Company and sponsored by Ernst & Young and Dewey & LeBoeuf.

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