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AIG Releases Preliminary Estimate for Catastrophe Losses at Chartis for the First Quarter 2011

March 21st, 2011

American International Group, Inc. (AIG) today released a preliminary pre-tax insurance loss estimate for Chartis, its property casualty insurance unit, of $1.0 billion, or $0.9 billion after tax – 1.1 percent of total AIG shareholders’ equity as of December 31, 2010 – net of all reinsurance recoverables for the first quarter of 2011, related to [...]