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AIG South Africa has announced that the international ratings agency Standard and Poor’s (S&P) recently awarded AIG South Africa Ltd. and AIG Life South Africa Ltd. a zaAA+ rating. This zaAA+ rating is the highest rating S&P has awarded any direct Property and Casualty insurer in South Africa.
In line with its strategy to grow its South African business by penetrating new market segments and geographical areas, AIG has opened a satellite office in George, Western Cape.
Since entering the aerospace market, insurance giant AIG South Africa reports solid growth and strong prospects, especially in sub-Saharan Africa. That’s according to Sean Scandling Head Underwriter of the company’s Aerospace division in South Africa.
AIG is pleased to announce that effective immediately Wayne Abraham will assume the role of acting General Manager - South Africa, reporting to Michael Whitwell, President AIG MEA.