NEW YORK--An executive with an American International Group subsidiary denied suggestions today that the company is holding onto business by engaging in aggressive price cutting that is prolonging the property-casualty soft market
John Q. Doyle, president and CEO, AIG Commercial Insurance, made his remarks during a panel discussion at the 20th Annual Executive Conference for the Property-Casualty Industry presented by National Underwriter Company and sponsored by Ernst & Young and Dewey & LeBoeuf.
Mr. Doyle said he was curious that AIG is being singled out when his company's top line was down seven percent during the third quarter. Some companies criticizing AIG, he said, had increased their top line during the quarter.
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