07-06-2017 10:23 via insuranceinsider.com

S&P cuts AIG rating outlook to negative

Credit ratings agency Standard & Poor's (S&P) has
lowered AIG's rating outlook to negative from stable, saying
the company has been "subpar" at meeting targets.
The revision comes less than a month after former Hamilton CEO
and chairman Brian Duperreault took the reins as AIG CEO.
The ratings agency, which affirmed AIG's ratings in the
Tuesday report, said AIG's recent track record of delivering on
strategic goals, notably within the company's flagship P&C
commercial insurance divisi
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