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Sat 30 Sep 2006 08:00 PM

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AIG Creates Direct Presence

AIG MEMSA to oversee ME operations from DIFC

AIG has reinforced its regional presence with the launch in Dubai International Financial Centre (DIFC) of AIG MEMSA Insurance Company.

The new entity will oversee operations in the Middle East, Mediterranean and South Asian regions.

“We recognise the Middle East as developing into one of the world’s most important centres of financial activity.

Having been in this region for over 50 years, we are excited at the opportunity to contribute to the ongoing growth of the region,” said Charles Bouloux, president, AIG MEMSA.

“As a well established player in the Middle East, we are attuned to the specific needs of each market by constantly evaluating them in order to develop new products and services to meet such needs.

As a company, we take on the risks of our clients, a position that is backed by our track record and quality of service.

We pride ourselves on our claims service, as we set the standards in underwriting and continually prove to corporations and individuals that we deliver on our promises.”

AIG. Bouloux said, develops and tailors operations to suit the requirements of each individual country of operation.

AIG MEMSA will focus on general insurance, and will serve commercial, institutional and individual customers.

Fitch Ratings has awarded the company an ‘AA+’ Insurer Financial Strength (IFS) rating.

“AIG MEMSA benefits from its global network of disciplined underwriting standards and 87 years of experience in delivering innovative insurance solutions to the international community through a network that currently spans more than 130 countries, reaching 65 million customers,” said Nicholas Walsh, CEO, American International Underwriters.

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