29.2m-euro premiums for AIG Life

Life insurance company AIG Life made some 6 million dollar (about 5 million euro) profit in the first eleven months of 2005, nearly four times more than in the entire 2004. The insurer concluded the first eleven months of last year with 35 million dollar (29.2 million euro) revenues, up 60% in dollars from the same time last year. “We expect 35-40% growth in gross premiums underwritten and a 50% higher profit than in 2005,” says the company”s general manager Theodor Alexandrescu. “We will present our new products to clients in January, which will have both a savings and a protection component, health clauses included. This is a new generation of products, which will have the warranty for a pension as an option and will have a new premium payment mechanism,” Alexandrescu explains. ZF