I can finally heave a sigh of relief today. But, am expecting more meetings next 2 days till next week.

AIG has accepted a US$85 billion credit facility from the U.S. Federal, which it will repay in full from sales of some of its US$1 trillion assets. New chairman, Edward Liddy, has been appointed, and changes in the Board of Directors are expected.

The day has been busy as we met up and telephoned business partners to assure them. Much effort was also put in to put up a proper Q&As for communication to customers.

For those of you who are not aware, insurance policies written in Singapore are direct obligations regulated by the Monetary Authority of Singapore (MAS). American Home Assurance Company (AHAC) Singapore is well-capitalised and our Capital Adequacy Ratio (CAR) of 176% exceeds the MAS' published CAR requirement of 120%.

Business and leadership in AHAC Singapore remains unchanged and we will continue to operate normally and remain adequately capitalised to meet policyholders' obligations.