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2 August 2023Insurance

AIG making major slash to long-odds PMLs on Validus Re sale: CEO

US insurance group AIG will enjoy a major de-risking from the pending sale of its reinsurance operations, focused on Validus Re, with some peak-peril long-odds PMLs down by 50 to 85%, rendering a $400 million cut to AIG’s risk-based capital requirements.

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