Aig ceo says covid-19 will not result in "material reduction of long-term return profile"

Aig president- "it's fair to say that the profound impact and global nature of covid-19 is something we have never encountered".aig president- covid-19 will be a headwind for future capacity in the reinsurance market.aig president- saw claims from asia, uk, continental europe and later in q1, from u.s., in each case, predominantly in travel and contingency.aig president- covid-19 had a limited impact on q1 net premiums written, with the exception of a fall-off in travel and m&a during march.aig executive- the volatility in the equity markets has a minimal impact on our investment income.aig cfo- with respect to q1 cecl credit impacts, we recognized approximately $236 million of credit losses.aig coo peter zaffino says covid-19 will affect underwriting of all lines of commerical insurance including limits available and coinsurance - conf call .aig confident that business interruption policy exclusions for coronavirus will be upheld-coo.aig coo zaffino says expects trapped capital in ils market, causing restriction of future capital - conf call.aig coo zaffino says insurer to launch model office as part of aig 200 program to test digital underwriting technology - conf call.aig coo says business interruption policies that cover viruses comprise 1% of overall property exposure - conf call.aig ceo brian duperreault says insurer expects to see continued improvement in general insurance combined ratio "ex cats" in 2020 - call.
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