AIG MEMSA

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Issue 14 | January 2008

Message from the President - Charles Bouloux

“Our financial Strength, which is the bedrock of this company, provides us with a multitude of opportunities around the world”. This will not be any different in 2008 and so this will be a year of more expansion for us both geographically and structurally. Last year saw us expand our personal lines by launching Private Client Group and they are already writing business. But our plans for expansion are not just restricted to business development, but also to expanding our footprint and the Oman and Qatar launches were just the beginning.

AIG MEMSA prides itself on the fact that it hires and trains local people to international standards thereby contributing to the economic growth of the countries. We work hard at being good corporate citizens of the countries we are licensed in by compliance with work regulations, tax laws, and significant financial contribution to charitable, health and educational organizations.

At the end of the year we partnered with Hawkamah, a charitable organization, created to help raise awareness and further advance corporate governance in the region. As part of the agreement, AIG will sponsor the Insurance Taskforce on Corporate Governance of the Hawkamah Forum of Insurance Regulatory Commissions (AFIRC). The Insurance Taskforce that Hawkamah has formed is crucial in developing a sound corporate governance framework for the insurance industry. It is our aim to support Hawkamah in its ambitious endeavours through promoting, endorsing, and driving the mission of the Taskforce for the insurance and reinsurance industry in the MENA region. Whilst the MENA region is becoming an increasingly important market, there still is a need to fully embrace corporate governance in order to order to optimize the potential, and we are delighted to be playing a part in driving this initiative forward.

Welcome to global insurance with a local perspective “while you keep your eye on the opportunity, we will take care of the risk”.

Best regards,

Charles Bouloux
Regional President
AIG MEMSA, Inc.

Copyright © 2008 American International Group, Inc. All rights reserved.

AIG MEMSA, INC.
"The Gate" Building, West Wing, 11th Floor
Dubai International Financial Center
PO Box 117719, Dubai, UAE

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