American International Group (AIG) has decided to place its technology-driven subsidiary Blackboard US Holdings into run-off. AIG will recognise a pre-tax loss of $210 million, primarily consisting of asset impairment charges in connection with the run-off. The company said that the decision was made at the end of March. Hence, it did not impact the adjusted pre-tax income in the first quarter of 2020. AIG's general insurance business reported a pre-tax underwriting loss of $87 million, including $272 million of estimated COVID-19 losses, in Q1 2020.