aiu

American International Underwriters (AIU) is the overseas property-casualty insurance organization of AIG; AIU is headquartered in New York. AIU, through its various operations, provides quality commercial and consumer insurance services throughout Europe, Latin America, Africa, Japan and Korea, Australasia, north Asia, south-east Asia, and mainland China (including Shanghai, Guangdong Province and city of Shenzhen), Hong Kong SAR, Taiwan etc. including Property, Marine, Casualty and A&H coverage for both large and small companies and households.

AIU's culture of disciplined underwriting and product innovation has provided a long-standing competitive advantage since general insurance operations were established in Shanghai in 1992 as the first foreign insurance operation in China. Further growth saw the launch of Guangzhou operations in 1995, followed by the opening of the Foshan sub-branch in 1999 and the Shenzhen Branch in 1999. In 2004, all AIU's offices in China obtained licenses to sell property/casualty insurance products to local companies and consumers in accordance with China's WTO commitments. In 2006, AIU received approvals from the CIRC to expand its business in the province of Guangdong. Year of 2007 witnessed an important milestone of AIU in China, which was approved by CIRC in July to convert its branches in China into a wholly owned subsidiary in China, named AIG General Insurance Company China Limited.

With its long experience and comprehensive network, AIU is now well positioned to capitalize on new opportunities arising from the increasing liberalization of Chinese Market.

AIG: The strength to be there