NU Online News Service, July 12, 11:33 a.m. – American International Group Inc., New York, says its Chinese subsidiary has received authorization from Chinese insurance regulators to open a wholly owned life insurance operation in Suzhou, Jiangsu Province.

AIG is the first foreign insurance organization licensed to do business in Suzhou, AIG says.

AIG, which had extensive operations in China before World War II, returned to the market by getting a license to open an office in Shanghai in 1992. AIG also has licenses to operate in Guangzhou, Foshan, Shenzhen and Beijing.