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#1
May 8th, 2008, 08:05 PM
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Insurer AIG has $7.8 bln Q1 loss, to raise capital
(Reuters)
Reuters - American International Group Inc
, the world's largest insurer, posted its largest ever quarterly loss on Thursday after writing down assets linked to subprime mortgages, and said it would raise $12.5 billion to strengthen its balance sheet. View the Entire Article
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