BRIEF-AIG CEO EXPECTS GENERAL INSURANCE EXPENSE RATIO TO IMPROVE BY 2 POINTS ENTERING 2019

ENTERING 2019@

Aug 3 (Reuters) - American International Group Inc:

* EXEC SAYS COMPANY SPEAKING WITH REINSURERS ABOUT BUSINESS OPPORTUNITIES FOR SECOND HALF 2018

* HAS HIRED 125 SENIOR UNDERWRITING EXECUTIVES GLOBALLY SINCE START OF 2018

IS SAYS COMPANY IS REVISING USE OF DEDUCTIBLES, REDUCING EXPOSURE TO CERTAIN INDUSTRIES AND PUTTING NEW UNDERWRITING TEAMS IN PLACE.

* EXEC SAYS COMPANY REDUCED PROPERTY UNDERWRITING LIMITS FROM $2.5 BILLION GLOBALLY TO $1 BILLION IN THE U.S. AND $750 BILLION INTERNATIONALLY, WITH SOME EXCEPTIONS - CONF CALL

* EXEC SAYS INCLUDING NEWLY-ACQUIRED VALIDUS HOLDINGS LTD IN GENERAL INSURANCE RESULTS COULD PROVIDE UP TO 100 BASIS POINTS IMPROVEMENT IN ADJUSTED ACCIDENT YEAR LOSS RATIO - CONF CALL

* CEO EXPECTS GENERAL INSURANCE EXPENSE RATIO TO IMPROVE BY 2 POINTS ENTERING 2019 - CONF CALL

* CEO EXPECTS IMPROVED COMBINED RATIO OF UNDER 100 ENTERING 2019 - CONF CALL

* CEO SAYS EVEN 2 POINT IMPROVED EXPENSE RATIO "IS NOWHERE WHERE IT NEEDS TO BE."

* EXEC SAYS COMPANY EXPECTS TO SHOW IMPROVEMENT FROM REINSURANCE IN 2019 - CONF CALL

* CEO SAYS IT WOULD BE "GREAT" TO FIND A RETIREMENT BUSINESS TO ACQUIRE - CONF CALL

* CEO SAYS "THERE'S ELEMENTS OF OUR GENERAL INSURANCE BUSINESS IN THE U.S. WHERE WE'RE DOMINATED LARGE COMMERCIAL AND I'D LIKE TO HAVE SOME BALANCE LARGE AND SMALL" - CONF CALL Source text for Eikon: Further company coverage: (Reporting by Suzanne Barlyn)