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Fly News Breaks for March 11, 2016
AIG
Mar 11, 2016 | 06:52 EDT
Deutsche Bank analyst Matt O-Connor believes AIG's two-year reinsurance arrangement with Swiss Re will bring a modest, if any, benefit to the company. While the quota share may temporarily reduce the loss ratio, it is likely to be offset by a reduction in investment income and an increase in the underlying expense ratio, the analyst contends. He maintains a Hold rating on AIG citing a lack of positive catalysts.
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