American International Underwriters (Phils.) started its operations way back in the 1920’s. It was incorporated on May 03, 1928 as a Managing Agent for several American insurance companies. On April 5, 1960, the Philippine American Accident Insurance Co. Inc. was registered with the Securities & Exchange Commission.
In 2009, the company became part of American International Underwriters (AIU), the foreign general insurance segment of American International Group (AIG). In the middle of 2011, we infused additional capital of P300 Million (US$7 million), making us a Philippine-based company with one of the highest paid-up capital in the non-life insurance industry. In addition, we pride ourselves as being dependable, paying a total of P685 million (US$16 million) in claims in 2011.