The companies will jointly staff a Zurich office, establish joint distribution outlets, and share administrative services.
AIG is a U.S.-based insurance and financial-services organization and the largest US underwriter of commercial and industrial insurance. Its member companies write commercial, personal and life insurance products through a variety of distribution channels in approximately 130 countries.
Its global businesses also include financial services and asset management, including financial products, trading and market making, consumer finance, institutional, retail and direct investment fund asset management, real estate investment management, and retirement-savings products.
European insurers established the Eureko Alliance in 1992 by as a vehicle for international development through partnerships.