AIG’s Doyle Says Low Interest Rates Fuel Higher Insurance Prices

John Doyle, the chief executive officer of American International Group Inc.’s Chartis Global Commercial Insurance unit, said low interest rates are contributing to higher prices for some coverage.

“I don’t think much has changed in the supply-demand balance, or maybe imbalance at the moment, around the world, and yet prices are up,” Doyle said at the Goldman Sachs Insurance Symposium in New York today. “What did change in that period of time was that the Fed did come out and say that interest rates are going to be low for an extended period of time. I do think that’s a factor in the market.”

Editor: Dan Kraut

To contact the reporter on this story: Zachary Tracer in New York at

To contact the editor responsible for this story: Dan Kraut at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.