By Abdulla Fardan
Sept. 21 (Bloomberg) -- The Company for Cooperative Insurance, the largest Saudi Arabian insurer by market value, said it hasn't been affected by the difficulties facing American International Group, Inc.
Tawuniya, as the Saudi company also known, has no re- insurance agreement with the AIG, it said in a statement posted on the Saudi Stock Exchange Web site yesterday.
The Saudi company's business with AIG includes only ''limited'' optional re-insurance policies that has been placed with the U.S. insurer on customer's request and have no impact on the Tawuniya financial position, it said in the statement.
To contact the reporter on this story: Abdulla Fardan in Bahrain at afardan@bloomberg.net
Sunday, September 21, 2008
Tawuniya Insurance Tells Saudi Exchange It's Not Exposed to AIG
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