Staff at the Bermuda offices of American International Group were yesterday told their work would remain unaffected by the turmoil surrounding the New York-based parent company.

George Cubbon, president and chief executive officer of AIG's Bermuda operations, said: "We are not expecting any impact at all.

"I sent out a note to staff early today saying that very thing."

AIG announced a loss of $61.7 billion for the fourth quarter of 2008 on Monday. The US Government provided another $30 billion of aid in its third bailout of the company since last September.

AIG employs around 200 people in its building in Richmond Road, Pembroke.