International Herald Tribune, 16 Sep 2008, The Associated Press
SINGAPORE: Singapore's central bank said Tuesday the local unit of embattled insurance giant American International Group Inc. has sufficient assets to meet its liabilities as nervous policyholders lined up outside the company's offices.
AIA Singapore, a subsidiary of AIG, is required by Singapore law to maintain enough funds to cover its polices, and these funds must be separate from its parent company, the bank said.
Read More
Related News:
Monetary Authority Of Singapore Response To Queries On Lehman - Mondovisione, 16 Sep 08
