S&P raises AIG’s outlook to stable, citing improved underwriting performance
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S&P raises AIG’s outlook to stable, citing improved underwriting performance

Jai Singh
October 18, 2023
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S&P Global Ratings has revised its outlook for AIG and its core P&C subsidiaries (excluding Validus Re) to stable from negative, citing its “significantly improved” underwriting performance.

The ratings agency also affirmed its BBB+/A-2 issuer credit rating and its A+ financial strength rating on AIG’s core P&C insurance entities, excluding Validus Re, whose sale to Renaissance Re is expected to close in Q4 this year.

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