Kuala Lumpur, 4 December 2012: American International Group (AIG), one of the largest global insurance companies, announced the rebranding of Chartis Malaysia to AIG Malaysia as part of a global rebrand of the Chartis name back to AIG.
Commenting on the rebranding, Mr. Matt Harris, Chief Executive Officer of AIG Malaysia said, “Malaysia is a critical country for our business and operational growth and we are committed to strengthening our 60-year legacy here.”
“The rebranding of Chartis Malaysia to AIG Malaysia will elevate our commitment to being a forward-thinking, global company. We are building AIG to be a great company and our new brand promise of “Bring on Tomorrow” is testament of our tenacity and ambition to solve problems, innovate for the benefit of our clients and be part of a powerful global team,” Mr. Harris added.
Last month the company formalised an agreement with Multimedia Development Corporation (MDeC) to expand the existing operations of its service entities, namely AIG Global Services (AIGGS) and AIG Shared Services (AIGSS), to provide global support services to AIG businesses worldwide.
This move is closely aligned with the Multimedia Super Corridor (MSC) and MDeC’s strategy to support the broader Economic Transformation Programme (ETP), in its vision to transform Malaysia into a high-income nation and knowledge-based economy by 2020.
According to Mr. Harris, Malaysia is not just an important market for AIG’s insurance operations, but also for its global internal business operations. AIG is reliant on Malaysia for its key global business operations and existing services in the region including AIGGS and AIGSS.
AIG Malaysia’s plans to invest in expanding these IT and shared services operations, which will see the creation of 1,700 new high-end IT and services jobs in the country in the next 3 to 4 years. The planned expansion will also retain the existing 1,000 employees currently working across these businesses.
AIG Malaysia’s plans to grow and develop these services will make AIG one of the largest US-based employers in the nation.
Presently, the company has a growing network of 3,000 over agents and brokers in Malaysia offering insurance services and businesses from 14 offices nationwide. More than half of AIG’s positions in Malaysia today were created in the last two years, in line with AIG’s expansion of its shared services presence in the region.
Recently, AIG Malaysia received the “Most Efficient Insurer” award for motor claims approval turnaround time, a new honour bestowed by Malaysia’s Motordata Research Consortium (MRC).
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American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. Products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. (AIG). Not all products and services are available in every jurisdiction, and insurance coverage is governed by actual policy language. Certain products and services may be provided by independent third parties under contract with AIG or its subsidiaries or affiliates. Insurance products may be distributed through affiliated or unaffiliated entities.. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
Contact: Vishal Doshi, Corporate Communications, 603 2058 5888