AIG posts loss for Q3
NEW YORK-based AIG saw its Q3 net loss widen by 71% to $4.11bn, largely reflecting a $2.3bn decline in the value of its remaining stake in pan-Asian life assurer AIA Group, $1.5bn in impairments on the fleet in its ILFC aircraft-leasing unit, and $574m in catastrophe losses at its Chartis p/c division.