Global insurance leader AIG today strengthened its long-standing presence in the Middle East with the launch of its new regional insurance company, AIG MEMSA Insurance Company headquarted at Dubai International Financial Centre (DIFC), responsible for the Middle East, Mediterranean and South Asia regions. The company brings AIG’s industry leadership in disciplined underwriting standards, providing world - class general insurance services localized to suit the specific needs of corporations and consumers across the MEMSA region.
Charles Bouloux, President, AIG MEMSA said at the launch in Dubai today: “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. 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,” Charles Bouloux continued.
"We welcome AIG MEMSA Insurance Company to the Dubai International Financial Centre. The wealth of insurance experience that AIG brings to the region is invaluable to the development of our business community. The fact that AIG have established a division specifically responsible for the Middle East, Mediterranean and South Asia demonstrates the importance of these regions to major international corporations, and highlights the increasing level of demand for local services." His Excellency Dr. Omar Bin Sulaiman, Governor, Dubai International Financial Centre, commented.
Later Mr. Bouloux pointed to AIG’s operations, being developed and tailor made to each country AIG operates in, hiring and training local people to international standards and thereby contributing to the economic growth of the respective countries.
Also speaking at the launch ceremony, President & CEO American International Underwriters (AIU), Nicholas Walsh said: “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.”
AIG MEMSA will focus on general insurance, and will serve commercial, institutional and individual customers by drawing on its experience as the world’s biggest property and casualty insurance company.
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About AIG
American International Group Inc. (AIG), world leader 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 network of any insurance company. 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 as well as the stock exchange in London, Paris, Switzerland and Tokyo.
