AIG Receives General Insurance License in Vietnam.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
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 subsidiary, American International Underwriters Overseas, Ltd., has received a license from the government of Vietnam to operate a wholly owned general insurance company in Vietnam. This license, the first general insurance license granted by Vietnam to a U.S.-based insurance organization, was announced by Prime Minister Phan Van Khi during his visit to the U.S. last June. AIG President and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Martin J. Sullivan Martin J. Sullivan (born 1955 in Essex, England), is President and Chief Executive Officer of American International Group, Inc. Educated at the Sydney Russell School in Dagenham, Essex, in January 2007, he donated £50,000 to the school saying: , who accompanied Prime Minister Khi to an opening ceremony at 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. during his visit, received the license from Vietnam's Vice Minister of the Ministry of Finance, Madam Bang Tam, in Hanoi on December 19, 2005. The license permits AIG to operate a general insurance company throughout Vietnam. The name of the company will be AIG Vietnam General Insurance Company Limited (AIG Vietnam), which will market property-casualty insurance products to both individuals and businesses. AIG Vietnam will be headquartered in Hanoi, with a branch in Ho Chi Minh City Ho Chi Minh City, formerly Saigon, city (1997 pop. 5,250,000), on the right bank of the Saigon River, a tributary of the Dong Nai, Vietnam. , and expects to begin operations at the start of next year. Martin J. Sullivan said, "The license we received today further strengthens our commitment to Vietnam and our ability to contribute to Vietnam's continued economic growth and success. We are the first U.S.-based insurer to receive such a license, and we will be able to market a wide array of products and services that will support both local and foreign-invested industries, and participate in the growth and development of Vietnam and the region. "This license is a significant milestone for AIG in Vietnam, where our history dates back to the 1920's. We returned in 1993 as the first insurance organization to obtain representative office status, and were active in promoting normalization In relational database management, a process that breaks down data into record groups for efficient processing. There are six stages. By the third stage (third normal form), data are identified only by the key field in their record. of ties between the U.S. and Vietnam, extensively supporting the implementation of the Bilateral Trade Agreement in 2001. In the same year, we received the first life insurance license granted to a U.S.-based insurer and since then, AIG's life operations in Vietnam have grown rapidly, with more than 20,000 agents operating throughout the country." Terence Anderson, Chief Representative, AIG Vietnam, said, "Our aim is to provide competitive and comprehensive solutions to both consumers and business. AIG Vietnam will provide products and services that will allow Vietnamese exporters to become more competitive internationally by offering product liability, marine cargo and claims services. Our business will include a focus on Vietnam's important growth industries, such as oil and gas, infrastructure and power generation." American International Group, Inc. (AIG), world leaders For a list of heads of state, see . World leaders is a MMORPG. The game involves creating a state, joining an alliance and going into war. It is mostly played by players from Israel, China, USA, Britain, Brazil and Saudi-Arabia. in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange and ArcaEx, as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion