AIG MEMSA

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Issue 16 | April 2008

Message from the President - Charles Bouloux

We are very excited about the outcome of our April 1st renewal season in India. Our team faced significant challenges during the largest renewal season in the country with significant reductions in rates due to the de-tariffing and accelerated by aggressive market competition. Our team emerged successfully with strong growth over prior as well as significant development in our distribution channels, specifically brokerage which generated a 100% growth over last year. We appreciate all the hard work our team in India have put forthe as they have exceeded our expectations and now created an expection of strong growth over the next two quarters.

The Corporate Accounts segment and Major Accounts segment has launched their new websites providing clients and customers with a clear vision of how we plan on developing segmentation in the region. These websites include an interactive component to allow visitors to register for our MEMSA INK newsletter and submit new product ideas to help identify market and client needs for new opportunities to address risks in our market.

We are proud to announce the licensing of our Takaful Company in the UAE and Pakistan. This is part of our global and regional plan to provide Sharia Compliant products to communities both in Arabia and abroad. The projected growth in the Takaful market and our move in to these two key markets allow us the opportunity to capitalize on this growth segment while providing a socially responsible and culturally accepted product to our region.

Welcome to global insurance with a local perspective. While you keep your eye on the opportunity, we will take care of the risk. We hope that you find this newsletter to be informative and valuable and appreciate any feedback that would improve on its content.

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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