AIG to take over Ahico's business

Deals

Paris-based AIG Europe SA has founded a branch in Budapest called AIG Hungary, which is set to take over Ahico Insurance Rt's non-life insurance functions, daily Világgazdaság reported. The newly established division will operate under the name AIG Hungary, while Ahico's life insurance and related services will still be provided by Ahico under the name Ahico AIG Life. The restructuring basically represents an administrative step in the company's life and will have no significant effect on the operations. All clients will notice is the name change, András Molnár, branch CEO told Világgazdaság.

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.

Support the BBJ

Industry