AIG Enters Into Two-year Reinsurance Arrangement With Swiss Re

(RTTNews) - American International Group Inc. (AIG) said that it has entered into a two-year reinsurance arrangement with Swiss Re, under which a share of AIG's new and renewal U.S. Casualty portfolio will be ceded to the reinsurer, consistent with the plans announced by AIG in its January 26, 2016 strategic update to investors.

The reinsurance arrangement is an important step in AIG's strategy to improve its Commercial Insurance diversification and return on equity (ROE), and it highlights AIG's focus on capital efficiency. This risk sharing agreement complements AIG's leadership position as a premier provider of insurance products and services in the U.S. Casualty market.