AIG's P&C division lost $2.3bn in Q4 2015
Global giant AIG's property and casualty arm fell to a loss of $2.3bn (£1.3bn) in the fourth quarter of 2015 compared with a $935m profit in Q4 2014.
The results were driven by a previously announced $3bn charge for adverse prior year loss reserve developments. The P&C combined operating ratio moved from 103.4% to 161.5%, with the loss ratio
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