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Brief insurance news and digest for the busy executives. A handy insurance news archive with main focus on Malaysia. Disclaimer: While all attempts are made to ensure the accuracy of the news herein, we will not be liable for any loss arising from the use of any information contained in this blog. You may reproduce materials published here provided the source (news.actuaries.com.my) is properly acknowledged.
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Friday, 9 May 2008
US$7.8 bil Q1 Net Loss for AIG
Q1 2008 has been tough for AIG as well, they reported a net loss of US$7.81 bil vs net income of US$4.13 bil for Q1 2007. The poor result is attributed to subprime mortgage crisis.
To strengthen its balance sheet, AIG will raise US$12.5 bil capital.
Source: The Star
Labels: AIA/AIG
About Me
- Name: Teh Loo Hai
- Location: Kuala Lumpur, Malaysia
Loo Hai is an actuarial recruiter cum actuarial consultant. He has over 20 years of work experience gained in Malaysia and Australia in the actuarial, insurance, takaful and pension fields.
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