Alico opens regional headquarters at DIFC

Dubai: American Life Insurance Company (Alico AIG Life), a member company of American International Group Inc (AIG), inaugurated its Middle East, Africa and South Asia headquarters at the Dubai International Financial Centre (DIFC) on Saturday, the company said in a statement.

American Life Insurance Company, incorporated in Delaware US, also celebrated its 85th anniversary, 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, 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."

Strong presence

"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 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, Martin also congratulated Alico AIG Life on their continuous growth Alicoand 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."