AIG Committed to Focusing on Multinational Capabilities and Investments in Countries with Strong Growth Prospects, Opportunity for Scale
As part of these agreements, AIG will sell to Fairfax its local commercial and consumer insurance operations in
Fairfax will become the main strategic multinational network partner that will serve AIG’s global clients in these countries, backed by AIG’s expertise, claims handling, and reinsurance capabilities.
The divestiture furthers AIG’s strategic goal of focusing its geographic footprint and investment in major economies that offer the greatest potential for profitable growth and the opportunity for AIG’s commercial or consumer insurance divisions to achieve and maintain scale. At the same time, AIG is committed to maintaining and enhancing multinational capabilities for individuals and companies that operate globally.
“This partnership marks a significant step forward in achieving the strategic priorities of AIG, as well as Fairfax,” said
“We are very excited to partner with AIG and to have the LATAM group of companies and operations in CEE and
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including the closing of the transaction described herein, are not historical facts but instead represent only AIG’s belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG’s control. Except for AIG’s ongoing obligation to disclose material information as required by federal securities laws, AIG is not under any obligation (and expressly disclaims any obligation) to update or alter any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future events or otherwise. Factors that could cause AIG’s actual results to differ, possibly materially, from any forward-looking statements include the factors set forth in AIG’s filings with the
Additional information about AIG can be found at www.aig.com and www.aig.com/strategyupdate |
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of