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Liddy Posts Message To Reassure Insurance Clients

Edward Liddy, American International Group Inc. group's new chairman in a memo on the front page of the company Web site is offering more reassurances about the embattled firm's financial units' stren

By Staff Writer | Updated on September 26, 2008

Edward Liddy, American International Group Inc. group’s new chairman in a memo on the front page of the company Web site is offering more reassurances about the embattled firm’s financial units’ strength.

“Be assured that our insurance companies remain strong and well-capitalized,” Liddy writes. “The financial issues of the AIG parent company do not affect our insurance companies’ ability to pay claims and underwrite new policies.”

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