AIG forecasts up to $3.1bn Q3 cat losses

American International Group has pegged its third-quarter
pre-tax catastrophe losses at as much as $3.1bn net of reinsurance
recoveries, citing three hurricanes and the major earthquakes in
Mexico.
Breaking down the expected losses, AIG said $1.1bn to $1.2bn in
pre-tax losses would stem from Hurricane Harvey. Another $1.0bn to
$1.1bn would result from Hurricane Irma and $600mn to $700mn from
Hurricane Maria.
About $150mn in additional cat losses expected during the period
would include those tie