AIG Europe posts flat profits for 2015

American International Group Europe (AEL) has revealed that its
profits were broadly flat at £408.5mn ($581mn) for the
full-year 2015, while net premiums written rose 2 percent to
£3.6bn.
The carrier's underwriting result improved by £2.3mn to
£61.9mn, while the combined ratio improved by 0.2 percentage
points to 98.2 percent.
Operating expenses decreased by 3 percent to £1.3bn through
targeted cost savings, and AEL benefited from low levels of
catastrophe losses, a