AIG Investments, Johannesburg is one of the member concerns of the American International Group, Inc. that has its headquarters in New York City. Growing in strength with organic expansion and acquisition, the company has emerged as one of the leaders in the insurance and financial investment sector in the African continent.
AIG Investments, Johannesburg is the management office of the internationally renowned investment company in South Africa. The company provides its services to individuals, institutions and commercial centers, networking into the roots of the African continent.
AIG Investments has its headquarters at Johannesburg, with subsidiary offices at Cape Town, Port Elizabeth, Durban and Pretoria. It was established in 1962 in Africa as a short-term general insurance company to offer its services and products of global standards to the people in the continent.
AIG Products
With the aid of the parent company, AIG Investments, Johannesburg has been able to provide enhanced services to its variegated clientèle. It provides consumerist and commercial insurance services through an array of products and schemes, which include accident, travel, health and personal insurance, equities, wealth and asset management, investment of fixed income, private banking, trading and treasury and private finance.
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Business Lines of AIG
AIG Investments in Johannesburg works through a series of business lines that include the following:
- Risk Management - This service is provided to the companies with a high risk factor.
- Commercial Lines - These include insurance solutions to the business class, networking into the industrial and commercial sphere.
- Accident and Health - This service includes financial aid and security to the clients in the event of accidents or ailments.
- Risk Finance - This service, including structured solutions, is available to the corporate sector that indulges in risk programs.
- Personal Lines - These include insurance products designed specifically for the direct consumers.
Along with other multinational investment companies, AIG is one of the principal investors for the development of infrastructure and other related industries in the African continent. For the purpose, the company had established the AIG African Infrastructure Fund L.L.C in 2000 with an investment of $407.6 million.
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