Travel Insurance - Insurer
American International Group, Inc. (AIG), world leaders in insurance and financial services, is the leading international insurance organisation with operations in more then 130 countries and jurisdictions.
AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer.
In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed in the U.S. on the New York Stock Exchange as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
CLAIMS PAYING ABILITY
Insurance Companies (Rating and Inspections) Act 1994 - American Home Assurance Company (New Zealand Branch) has an A+ (Strong) (CreditWatch Developing) insurer financial strength rating given by Standard & Poor’s (Australia) Pty Ltd on 17 September 2008. The main reasons for the CreditWatch action relate to the extent to which American International Group, Inc manages its mortgage-related assets by asset transfer, implementation of other liquidity options and/or
sale of business assets.
The rating scale is:
| AAA (Extremely Strong) |
BBB (Good) |
CCC (Very Weak) |
| AA (Very Strong) |
BB (Marginal) |
CC (Extremely Weak) |
| A (Strong) |
B (Weak) |
R (Regulatory Action) |
Plus (+) or (-): The ratings from ‘AA’ to “CCC” may be modified by the addition of a plus or minus sign to show Relative standing within the major rating categories
AIG logos are registered trademarks of American International Group. Insurance products and services are provided by American Home Assurance Company (New Zealand Branch) incorporated with Limited Liability in the USA, trading as AIG New Zealand, a member company of American International Group, Inc.