AIG: $1 Million for China Quake Relief

American International Group announced a $1 million (approximately 7 million RMB) donation to support relief and rebuilding efforts following the recent 7.9-magnitude earthquake that struck China’s Sichuan Province (See IJ web site https://www.insurancejournal.com/news/international/2008/05/12/89907.htm and following articles). AIG also announced that it would match all employee contributions to the AIG Disaster Relief Fund.

“AIG is deeply committed to providing financial assistance to our friends in China who have been greatly affected by this devastating natural catastrophe. Our thoughts and prayers are with the Chinese people during this extremely difficult time,” stated President and CEO Martin J. Sullivan. “Our contributions will hopefully help residents of Sichuan Province to begin the process of healing and rebuilding. Through our extensive experience and partnerships in the region, AIG is ready to provide necessary support.”

AIG explained that its Disaster Relief Fund “will make an initial $1 million contribution to Give2Asia, a philanthropic organization affiliated with The Asia Foundation. These funds will assist humanitarian relief, medical support, and reconstruction of housing, agricultural activity, small businesses and education. Working closely with AIG companies’ offices in China and Give2Asia staff on-the-ground, AIG’s greatest impact will be during this critical rebuilding phase after the first wave of emergency relief.”

Source: AIG – www.aig.com