AIG's occurrence reinsurance tower exposed to typhoons
Posted On: Nov. 4, 2019 5:15 AM CSTAnalysts at U.S.-based investment banking firm Keefe, Bruyette & Woods Inc. said that American International Group Inc.'s per-occurrence reinsurance tower is at risk of losses following typhoons Faxai and Hagibis, Artemis reports. AIG's reinsurance tower for Japan is structured to provide a $500 million layer of per-occurrence catastrophe reinsurance protection that attaches excess of $200 million of losses for the insurer.