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Chartis records $4bn loss in Q4 2010

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Chartis reported a fourth quarter operating loss of $4.0bn, due to reserve additions net of discount and loss sensitive premium adjustments of $4.2bn, compared to a loss of $1.8 bn in the fourth quarter of 2009.

Excluding reserve strengthening, the AIG-owned general insurer's fourth quarter 2010 operating income was relatively flat year over year, it added. Partially offsetting the reserve action was a $346m

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