EXCLUSIVE: AIG, a world leading property-casualty and general insurance organization serving more than 70 million clients around the world has decided to withdraw its operations from the Sri Lankan market, AdaderanaBiz.lk learns from reliable sources.

This decision has been arrived at after closely examining the business segments within those countries in which products and services are not meeting the needs of AIG customers or are not a current focus of AIG and may no longer fit into its strategic growth plans since the company continues to streamline and simplify as an organization, learns AdaderanaBiz.lk

Hence, after careful consideration and an in-depth review, the insurance giant has decided to withdraw from the Sri Lanka market.

Meanwhile, local clients holding policies with AIG Insurance as well as AIG employees are perturbed as to what action the company would take regarding them in the event of its closure.