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Member, Beacon International Group, Ltd.
American International Group Inc. intends to increase the use of reinsurance capital as one of the ways to improve its performance, reported Artemis.bm.
The insurer hopes to avoid being broken up and return at least $25 billion capital to shareholders over two years.
It will look to improve accident year loss ratio by 6% by 2017.
AIG also plans to improve the performance of its commercial property and casualty insurance business, exit or resolve under-performing segments and address unprofitable clients.