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AIG now more “traditional” insurer: Fitch
15 February 2013
Fitch upgrades AIG Life and Retirement's financial strength ratings, and affirms other AIG ratings with a stable outlook.
Fitch Ratings has upgraded the insurer financial strength ratings of American International Group’s US life insurance subsidiaries to A+ from A.
The rating agency also affirmed the A financial strength ratings of AIG's rated property/casualty insurance subsidiaries, as well as AIG's issuer default rating of BBB+ and senior debt rating of BBB. The rating outlook is stable.
The upgrade of the life insurance subsidiaries is driven by continued improvement in AIG's life and retirement subsidiaries statutory capital position, recovery of investment values over time and return to stronger operating profits and earnings stability. Fitch believes the...
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