BRIEF-AIG CEO Says Co Will Emerge Stronger From Pandemic
May 20, 2020 by Brief
May 5 (Reuters) – American International Group Inc:
* AIG (AIG.N> COO SAYS BUSINESS INTERRUPTION POLICIES THAT COVER VIRUSES COMPRISE WELL LESS THAN 1% OF OVERALL PROPERTY EXPOSURE – CONF CALL
* AIG CONFIDENT THAT BUSINESS INTERRUPTION POLICY EXCLUSIONS FOR CORONAVIRUS WILL BE UPHELD-COO
* CEO BRIAN DUPERREAULT SAYS INSURER EXPECTS TO SEE CONTINUED IMPROVEMENT IN GENERAL INSURANCE COMBINED RATIO “EX CATS” IN 2020 – CALL
* CEO SAYS COVID-19 WILL NOT RESULT IN A “MATERIAL REDUCTION OF LONG-TERM RETURN PROFILE” – CONF CALL
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