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AIG Europe Licensed to Operate a General Insurance Company In Georgia.


NEW YORK New York, state, United States
New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of
 -- American International Group
"AIG" redirects here. For other uses, see AIG (disambiguation).


American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City.
, Inc. (AIG AIG addressee indicator group (US DoD)
AIG American International Group, Inc
AiG Answers in Genesis (religious group in defense of Scripture)
AIG Artificial Intelligence Group
AIG Australian Industry Group
) today announced that its wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
, AIG Europe, S.A., has received approval from the Insurance State Supervision Service of Georgia for the establishment of a branch in Tbilisi, Georgia. AIG Europe, S.A. (AIG Europe) is headquartered in Paris, France.

"The AIG Companies are well established in Central & Eastern Europe and the Commonwealth of Independent States Commonwealth of Independent States (CIS), community of independent nations established by a treaty signed at Minsk, Belarus, on Dec. 8, 1991, by the heads of state of Russia, Belarus, and Ukraine. Between Dec. 8 and Dec.  (CIS Cis (sĭs), same as Kish (1.)


(1) (CompuServe Information Service) See CompuServe.

(2) (Card Information S
). We view the long term growth potential of the general insurance market in the Caucasus region as promising," said Bengt Westergren, President of AIG's general insurance operations in Central Europe & CIS, and Vice-Chairman of the Board of Directors of AIG Europe, S.A. "Given Georgia's links with both the European Union European Union (EU), name given since the ratification (Nov., 1993) of the Treaty of European Union, or Maastricht Treaty, to the

European Community
 and the United States, we are delighted to lend our expertise in providing quality general insurance products and services to businesses and individuals in Georgia."

Nikoloz Kitiashvili has been appointed Manager of the branch in Georgia. Previously, Mr. Kitiashvili was the representative of Marsh Caspian Services in Georgia. The AIG Europe - Georgia branch is located at Meidan Palace, 7 Bambis Rigi Street, Tbilisi, Georgia.

AIG Europe offers a comprehensive range of general insurance products and is licensed in Georgia for the following classes of insurance: Personal Accident and Sickness, Land Transport, Aviation, Cargo, Carriers Liability, Property, Financial Products, Motor TPL 1. TPL - Table Producing Language. "The Bureau of Labor Statistics Table Producing Language (TPL)", R.C. Mendelssohn, Proc ACM Annual Conf (1974).
2. TPL - Fleming Nielson. A concurrent functional language.
3.
, Professional Indemnity, General Liability, and Compulsory Fire Insurance.

The AIG Companies general insurance operations in the Central Europe and CIS region include operations in Azerbaijan, Bulgaria, Czech Republic, Finland, Hungary, Kazakhstan, Poland, Romania, Russia, Slovakia, Ukraine, and Uzbekistan.

American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include retirement services, financial services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed in the U.S. on the New York Stock Exchange New York Stock Exchange (NYSE)

World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City.
 and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
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Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Jun 8, 2005
Words:440
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