News Non-Life24 Jun 2019

American insurer to stop offering high net worth insurance in New Zealand

AIG is discontinuing its private client group's home, contents and yacht insurance cover and will no longer offer high net worth insurance in New Zealand, effective 31 July 2019 according to a statement on the insurer's website. AIG has been operating in the country since 1970 and continues to offer corporate and commercial insurance as well as risk management products and services.

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