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American International Group Inc. said Oct. 14 that its total after-tax net losses would be in a range of $500 million to $515 million relating to hurricanes Charley, Frances, Ivan and Jeanne, and typhoons Chaba, Songda and Meari.

The total includes AIG's own domestic brokerage group, including Lexington Insurance Co.; domestic personal-lines business; and foreign general operations. Also included is AIG's prorated share of losses from its majority investment in Transatlantic Holdings Inc.; participation in Lloyd's Syndicate 1414 (Ascot); and the company's minority investments in Allied World Assurance Holdings Ltd., IPC Holdings Ltd. and Fuji Fire & Marine Insurance Co. Ltd.
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Title Annotation:Other Companies
Publication:Best's Review
Article Type:Brief Article
Geographic Code:1USA
Date:Nov 1, 2004
Previous Article:Four hurricanes likely to put pressure on Florida property insurance rates.
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