AIG SA Named Best Insurer

April 14 - AIG South Africa has proven its worth in the local insurance scene, after being awarded the title of Best Insurer by Euromoney in its annual insurance survey.

Respondents from 59 countries around the world were polled for their opinion in the survey, comprising of some of the top industry personalities including chief financial officers, treasurers and risk managers.

Besides the title of Best Insurer, the 400 respondents also voted that AIG SA deserved the award for Best Product Range and Best for Innovation.

The Chief Executive Officer and President of AIG Africa, Peter Flint said about the Euromoney awards: "We are honoured that AIG South Africa has been named Best Insurer, Best Product Range and Best for Innovation."
 

"We find these results especially rewarding," he continued, "because we were selected by the very executives making the insurance decisions. This recognition is testament to our ongoing commitment to meet our customers' insurance needs by providing disciplined underwriting, claims paying ability and superior service."

In the survey, the respondents were asked to rank those companies that they considered the best in the business. A category for best brokers was also included.

The recent awards, which were the result of a survey carried out in the last months of 2008, comes at the right time for AIG SA, which has had to consistently make press statements regarding its market position, ever since its parent company in the United States nearly collapsed.

AIG South Africa has reassured its policyholders and investors that it is separately capitalized from AIG Inc. and has solid growth and a very strong grip of the local market.