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Déjà vu

3 November 2017 By Tom Buerkle

A $1.7 bln quarterly loss at the U.S. insurer abruptly ends Brian Duperreault’s honeymoon. Hurricane hits were expected, but an $836 mln addition to reserves for prior years was not. That’s the kind of problem the new CEO was meant to fix. AIG needs some underwriting discipline.

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