AIG Romania eyes retail

AIG Romania, the Romanian general insurance arm of insurer and financial service provider American International Group, last year posted 60% growth. Although the company has been mainly working with multinationals, it is seriously considering retail, as well. AIG Romania logged gross underwritten premiums worth 13 million dollars last year, up from the eight million dollars posted in 2001. “New big clients entered the market, while the businesses of the existent customers posted an increase,” said Mihnea Tobescu (photo), the company’s general manager. ZF