Aig zaffino says that aig 200 program will require $1.3 bln investment over next 3 years

Zaffino says aig 200 program will require $1.3 billion investment over next 3 years, deliver $1 billion of run rate benefits by end of 2022 - conf call.aig's zaffino says new modernization and expense reduction program will cover 10 areas - conf call.coo & president peter zaffino says insurer achieved "favorable renewals" of major reinsurance treaties aligned with expectations - conf call.zaffino says insurer improved expiring catastrophe reinsurance by combining the international and north american deductibles into one worldwide deductible - conf call.aig's zaffino says insurer bought two "core occurrence towers," one covering north america commercial property and the other, all international property, including japan - conf call.coo says insurer is building a "standard commercial underwriting platform" and enhancing digital workflow in our japanese business - conf call.coo says plan for modernization program includes "materially eliminating legacy technology debt" - conf call.life insurance head says insurer expects unit's 2020 adjusted pretax income to be more in line with 2018 results - conf call.
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