New GM for AIG South Africa

July 27 - AIG South Africa, which is showing exceptional growth despite the current market conditions, has announced that it has appointed a new general manager.

Reinhard Franke joins AIG South Africa from New York where he served as the senior vice president of strategic practices for American International Underwriters (AIU).

In this role, Franke was responsible for a portfolio worth over R4 billion, representing the top fifty clients of this insurance group.

AIG is certainly no strange land to Franke. From 2001 to 2008, he served as General Manager of AIG Europe from his base in Germany.

The President of AIG Africa, Peter Flint said: "I am delighted that Reinhard is joining our Africa region at a time when our South African operations are showing so much promise.

Franke has around 40 years experience in global insurance, having worked for Allianz Insurance company in a number of the group's branches around the world prior to 2001, including Brazil and the United States.

The new General Manager will oversee all aspects of AIG South Africa and country operations will report directly to him.

AIG South Africa has performed well in the past year, despite the growing problems faced by its parent company in the US. Flint has continuously reassured AIG customers that the South African division is a separate entity and cannot be affected by the financial pressures on AIG US.