Insight and Intelligence on the London & International Insurance Markets

4 February 2012

AIG loses major share in core US P&C markets

10 March 2009

Troubled American International Group (AIG) lost major market share to key rivals in 2008 as it saw its US property and casualty (P&C) business shrink by 15 percent, latest statistics show.

Figures compiled by the National Association of Insurance Commissioners (NAIC) from regulatory filings of full-year 2008 results show that AIG's share of the US P&C market fell from 7.33 percent in 2007 to 6.49 percent in 2008 (see page 14 for table).

The straitened US Government-backed firm remains the...

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