AIG posts quarterly profit as catastrophe losses drop

(Reuters) - Insurer American International Group Inc on Friday posted a profit in the third quarter, compared with a year-earlier loss when it recorded more than a billion dollars in catastrophe losses.AIG's net income attributable to common shareholders was $648 million (£500 million), or 72 cents per share, in the third quarter ended Sept. 30, compared with a loss $1.26 billion, or $1.41 per share, a year earlier. https://reut.rs/36r6qztAIG's net pretax catastrophe loss narrowed to $511..