American Life Insurance Company (ALICO) - AIG Life celebrated the inauguration of its Regional Headquarters at the DIFC

American Life Insurance Company (ALICO) - AIG Life, a member company of American International Group Inc. (AIG), celebrated the inauguration of its Regional Middle East, Africa & South Asia headquarters at the Dubai International Financial Centre (DIFC) on December 16th 2006. American Life Insurance Company, incorporated in Delaware U.S.A, also celebrated its 85th anniversary in 2006 serving and providing financial protection and a wide range of life, accident and health insurance products globally. ALICO’s global reach, its strategic focus on emerging markets and its financial strength continue today as the Company serves its customers in the 21st century.

With this spirit, Mr.Patrick Choffel, ALICO AIG Life Regional President, welcomed his guests during the inauguration and reassured his delight to be part of the DIFC by saying “It gives me pleasure to be inaugurating our Regional Headquarters at the DIFC, Dubai’s renowned international financial centre. We will continue our thrust for excellence and shall maintain our commitment and promises to our customers, shareholders, employees and sales force through a culture of multi-products and multi-market needs solutions in life, accident and health protection.”

Also, present at the inauguration were distinguished guests from the UAE business community as well as ALICO and AIG Home Office guests, headed by Mr. Rodney Martin, Chairman and Chief Executive Officer of ALICO Worldwide and Chief Operating Officer of AIG Life Division, AIG Worldwide Life Insurance, in addition to various senior executives.  During his welcome speech, Mr. Martin also congratulated ALICO AIG Life on their continuous growth and strong presence in the region and thanked DIFC’s management and all the distinguished guests.

Nasser Al Shaali, Chief Executive Officer of the DIFC Authority said “The global insurance and reinsurance industry is currently in the midst of a period of significant growth and expansion, and that is especially true here in the Gulf. As the region’s international financial  centre, the DIFC is committed to providing a full suite of services through its many member firms, including insurance and reinsurance providers. We are very pleasedto welcome ALICO - AIG Life into the growing DIFC family.”

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