New branch to open in Q3 2014

American International Group (AIG) is set to open an office in Morocco’s Casablanca Finance City after getting regulatory permission.

The servicing office will be open for business in the third quarter of 2014 to bolster AIG’s insurance business across north, central and west Africa.

AIG Middle East and Africa president Michael Whitwell said: “As we looked to extend our strategic footprint within the continent, we are very pleased with the opportunities that Casablanca Finance City presents as a platform to facilitate our reinsurance and other insurance offerings across north, central and west Africa. 

“It will also allow AIG to enhance its service to existing clients in the region, as well as raise the company’s profile in these territories.”

Casablanca Finance City Authority chief executive Said Ibrahimi said: “We are excited at the prospect of having AIG set up their regional hub for north, west and central Africa in Morocco. These are indeed exciting times for Africa, CFC and multinational corporations, which can no longer ignore our continent.”