AIG Life and AIG Romania, unaffected by the crisis
AIG Life and AIG Romania are not influenced by the severe crisis of the international giant, AIG.
According to a press release from the Insurance Supervisory Commission, "the solvency and liquidity indicators of the two Romanian companies which have AIG Group members as significant shareholders match the criteria required by the local authorities, according to the technical and financial status published by the companies for the first semester.
Both of the companies made profit after the first half of the year. Even more, AIG Life was the most profitable insurance company in Romania, with EUR 6.54 million. At he same time, AIG Romania registered EUR 1.07 million in profit.
At the beginning of yesterday's stock market session in New York, AIG dropped 50%, due to the failure of the company to present a viable financial recovery strategy.
Author: Andreea IONETE
on 16.09.2008
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