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AIG expects underwritten premiums in Brazil to rise 40%

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American International Group Inc. expects to see underwritten premiums in Brazil jump 40% in 2014, a company executive said.

Jaime Calvo, AIG's chief executive in Brazil, said the insurer will inject about $120 million into the Brazilian unit to propel growth in property/casualty and high risk corporate insurance, Reuters reported.

"Our plan is one of accelerated growth" and "it includes acquisitions," Mr. Calvo said.

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