AM Best turns positive on AIG and its P&C subsidiaries

Credit rating agency AM Best has revised the outlooks of American International Group, Inc.’s (AIG) property/casualty (P&C) insurance subsidiaries (AIG PC) to positive from stable, while affirming the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a+” (Excellent).Concurrently, AM Best has revised the outlook to positive from stable and affirmed the Long-Term ICR of “bbb+” (Good) of AIG (headquartered in New York, NY).According to AM Best, the rev ...