AIG Shares Climb as Insurer Slows Private Credit Growth
AIG shares rose after the insurer slowed private credit deployment amid market volatility. The firm also reported higher profit due to strong underwriting results.
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AMERICAN INTERNATIONAL GROUP shares rose 5% during Friday morning trading after the insurer slowed its private credit deployment to manage market volatility. The move follows a 13% year-to-date decline in AIG stock as investors grew wary of private credit transparency. Reducing exposure to illiquid assets protects the balance sheet as industry-wide default rates and redemption requests increase.
