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THE VIRTUAL WORLD OF INSURANCE
AND RISK MANAGEMENT |
We have visited the Web site of AIG Life Insurance Co. of Canada AIG Life Insurance Company of Canada, member company of American International Group, has its head office in Toronto. AIG is a world leader in insurance, financial services and asset management with operations in more than 130 countries. Following the recent American financial crisis, AIG fias sustained $18 billion in losses caused by the American housing crisis. The US Federal Reserve did not hesitate to lend up to $85 billion to AIG, in return for which it receives about 80% equity interest in the insurer. With $1 trillion in assets and well-capitalized insurance operations, the group remains strong, as well its independent and distinct insurance units in each country. Despite the parent's troubles, insurance operations of AIG Life Insurance Co. of Canada meet solvency requirements. Ratings agencies continue to recognize the Canadian insurer in terms of insurer financial strength. Among its insurance products, AIG Life website mentions Universal Life Insurance Plans, Critical Illness Plans, Term Life Insurance Plans, Permanent Plans, Single Premium Immediate Annuities and Group Plans.
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Readers, as well as insurance
companies, associations, and entities are encouraged to let us know their Web
page. We will be pleased to check it out and tell our readers about it. |
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Last update: August 2007
Insurance and Risk Management Journal, revue.assurances@hec.ca © HEC Montréal, 2007. All rights reserved. |
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