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As we head towards the close of our first quarter we are showing positive trends in our region reflecting a successful start to our 2007 year. We added new head count and gained traction on existing strategies we implemented in late 2006 and continue to train our staff to maintain the highest standards in professionalism and technical knowledge in the market.
By hiring and training the highest quality professionals in the business we continue with our goal of developing them in to insurance market leaders. Accordingly, we have made some internal changes to our management structure to capitalize on the strength of our management team and their experience and knowledge of the market.
Osama Abdeen has been promoted to the Executive Vice President with responsibilities over Arabia and will be managing and overseeing the centralized underwriting and servicing office in Dubai as well as all country operations within the Middle East. Farid Saber has recently been promoted to Country Manager for Kuwait and replaces Jean Pierre Assaf who has taken on a more complex operation in Sri Lanka. Gogtug Gur has been transferred to Pakistan where he will take over as Country Manager following his successful term as Country Manager in Sri Lanka. Tim Shields has been appointed Chief Operating Officer of AIG Egypt where he will be managing the day to day operations to bring a fresh perspective to the Egyptian market. We wish all of them growth and success in their new positions.
As we continue to progress through the year we look forward to innovation and production from our dynamic new management team and anticipate a successful conclusion to our 1st quarter.
Welcome to global insurance with a local perspective "while you keep your eye on the opportunity, we will take care of the risk".
Best regards,
Charles Bouloux
Regional President
AIG MEMSA, Inc.
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