Australian life insurer AIG has seen a record increase in sales and customer loyalty despite the global financial crisis, AIG Inc in American (a separate legal identity) has been bailed out by the US government, but AIG Australia which is owned by Asian life insurance giant AIA has show income from premium increase by 122%.
Damien Green general manager of life insurance at AIG decide to manage the effect of clients needs for information ” We addressed these concerns by highlighting that we are a separate legal indentity to AIG inc, and we comply with the stringent local solvency regulations”
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