Bank of America Comments on Aon Study and How it Affects AIG

In a “published study on the adequacy of the non-life insurance industry's loss reserves, Aon Benfield (a reinsurance intermediary and capital advisor) broke out a view on American International Group's AIG loss reserves as of 12/31/10 using adjusted Schedule P data,” Bank of America reports. “Based on the data shown by Aon, there is not an obvious shortfall in AIG's loss reserves at the end of last year,” Bank of America writes. “This view corresponds to our conclusion as well.” American International Group closed Wednesday at $27.89.