Wednesday 17th September 2008 |
Text too small? |
AIG New Zealand chief executive David Pierce says, in a note to advisers, that "AIG Life's Standard and Poor's rating in New Zealand is unchanged at AA+, one of the highest of any insurer in the country.
"This combined with AIG Life's recent growth and profitability makes it business as usual for us in New Zealand.
"Should this situation change, AIG Life remains committed to providing prompt and open communications to the New Zealand market."
Pierce says AIG is committed to maintaining the strength necessary to meet its customers' needs.
He describes the events in the financial markets over the past few days as being "truly extraordinary".
"Although AIG faces short-term liquidity pressures, we have strong, well-positioned businesses in diverse markets around the world and a deep asset base. We can assure our customers of AIG's commitment to meeting their needs and keeping their business.
"The insurance policies written by AIG companies are direct obligations of our regulated insurance companies around the world. These companies are well-capitalised and are subject to stringent regulatory and capital requirements. These companies continue to operate in the normal course to meet our obligations to our policyholders."
![]() |
Good Returns is the biggest and most comprehensive news centre in New Zealand for financial advisers. For more of the week's top news stories for financial advisers visit www.goodreturns.co.nz To make it as easy as possible for you to keep up to date with industry news and commentary you can subscribe to one of our many free email newsletters or RSS feeds |
No comments yet
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report
July 1st Morning Report
June 27th Morning Report
SDL - FY2026 Earnings Guidance
PaySauce Director resigns for US-based role with NZTE
General Capital Releases 2025 Annual Report
June 26th Morning Report
Devon Funds Morning Note - 25 June 2025
June 25th Morning Report