American Home Assurance Company, which writes property risk and casualty insurance in the Jamaican market, is awaiting a pronouncement of its long-term future following this week's near collapse of its parent, American Insurance Group (AIG).
AIG, caught in America's sub-prime mortgage crisis, was pulled back from the brink on Monday with a $40 billion bail-out package from the US central bank, the Federal Reserve.
The development has placed question marks over the future of AIG's small subsidiaries, like the one in Jamaica.
"I am awaiting directives (from the parent group) before I can say anything to the press," said American Home's general manager, Earl Codling.
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