American International Installs Princeton's Pam, Will Manage Domestic And Foreign Portfolios

PORTFOLIO MANAGEMENT

American International Group, the New York insurance company with $148 billion in investable assets has purchased Princeton Financial Systems Pam for Securities, Pam for Mortgages and Pam for Analytics.

AIG is one of the largest underwriters of commercial insurance in the US and has installed Pam at its New York headquarters and regional offices in Wilmington, Delaware and Bermuda. The system will be used for all of the company's domestic and Canadian investment accounting. Plans are underway