AIG rumoured to be throwing in the towel

According to unofficial information in Puls Biznesu, some shareholders in American International Group of AIG PTE, pension fund, have decided to withdraw from Poland. "An American investment bank has been engaged to fulfill the task. The coming months will be vital," the daily quotes informers. However, other shareholders deny such reports. The reason for such a move is probably the fact that the company did not achieve its anticipated revenues, as well as the constantly changing laws governing pension funds. AIG has pension funds in over 30 countries, and owns nine companies in Poland. The owners of AIG PTE are companies controlled by the capital group, Amplico AIG Life, the third largest life insurer in the country and Alico, the parent company of Amplico, one of the world's largest insurance companies. According to experts, the AIG fund is currently worth $100 million-$150 million. (Puls Biznesu, p. 4) A.K.