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World Insurance Report

AIG Europe’s profits up 51% in 2008

Management of European subsidiary said clients stuck with the firm despite difficulties of parent company in the US

AIG Europe’s gross written premiums were up 6.7% in 2008 to €3.21bn (US$4.51bn), while net premiums written recorded an increase of 16.9% to €1.07bn ($1.50bn).

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