Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Chief Sullivan’s 2006 Compensation Valued at $22.5 Million
Apr 11 2007 // Martin J. Sullivan, who has been running insurance giant American International Group Inc. since the ouster of longtime chief executive Maurice “Hank” Greenberg, received compensation valued at nearly $22.5...
AIG Auto to Test Drive Tracking System for Teen Drivers
Apr 10 2007 // Direct marketer AIG Auto Insurance announced it will pilot a Teen GPS Program for policyholders with teen drivers. The program uses Global Positioning System, or GPS, technology to allow parents of teen drivers to monitor...
AIG Specialty Boosts Its Capacity for Public Entity Liability
Apr 3 2007 // AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, has increased its capacity of excess liability insurance for public entities to $25 million from $15 million. AIG Specialty...
Eleven AIG Companies Fined by Okla. Insurance Department
Mar 22 2007 // Oklahoma Insurance Commissioner Kim Holland announced the largest fine of an insurance company in state history – $400,000 – against eleven AIG insurance companies doing business in the state. The companies...
New AIG Unit Formed to Help Manage Terrorism Exposure and Risks
Mar 7 2007 // The AIG Companies announced the formation of AIG Homeland Security Solutions. The new specialty unit will provide access to insurance, risk management and security products and services to help companies work to prevent,...
A.I. Risk Introduces Diagnostic Radiology Facility Program
Feb 27 2007 // A.I. Risk Specialists Insurance, Inc., a member company of American International Group, Inc., has introduced AI Risk Radiology Solutions, a portfolio of property and casualty insurance coverages written specifically to...
People and Places
Feb 26 2007 // The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken,...
People
Feb 25 2007 // The National Association of Insurance Commissioners named its 2007 committee chairs and vice chairs. The new committee assignments are for one year. International Insurance Relations Committee: Chair Diane Koken,...
AIG Expands Captive Operation to Guernsey
Feb 22 2007 // A subsidiary of American International Group, Inc. (AIG) has received approval from The Guernsey Financial Services Commission to form a protected cell company in Guernsey, to be named AIG Insurance PCC Limited...
AIG Environmental to Offer Property Insurance
Feb 20 2007 // AIG Environmental, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), introduced AIG Environmental Property, an insurance facility designed to enable AIG Environmental to...
Business Moves
Feb 11 2007 // Goldman Sachs, USI Holdings Big insurance broker USI Holdings Corp. headquartered in Briarcliff Manor, N.Y., agreed to be acquired by GS Capital Partners, a private equity affiliate of Goldman, Sachs & Co., in a...
Business Moves
Feb 11 2007 // Aon, Footman James Chicago-based Aon Corp. completed the acquisition of Footman James from Alchemy Partners Ltd. based in Guernsey. Terms of the transaction were not disclosed. The transaction will have no effect on...
Boston Risk Specialists Appoints New CEO
Feb 2 2007 // Boston-based Risk Specialists Cos. Inc., a member company of American International Group, Inc. (AIG), has appointed David A. Jordan chief operating officer. Jordan will continue as a senior vice president of Lexington...
AIG Europe, Accenture Sign 10-Year Outsourcing Agreement
Jan 18 2007 // Accenture has signed a 10-year, $100 million business processing outsourcing (BPO) agreement with AIG Europe S.A. The Agreement provides for Accenture to set up an IT platform and insurance support services to AIG...
AIG Elects Senior Vice Presidents
Jan 18 2007 // The board of directors of American International Group, Inc. (AIG) has elected three new AIG senior vice presidents and four new AIG vice presidents. Hans K. Danielsson was elected senior vice president, Investments, and...
AIG Sues Former Accounting V.P., Alleging Extortion Attempt
Dec 26 2006 // American International Group Inc. sued a former accounting vice president last Friday, alleging she has refused to return company computers and confidential information and has attempted to “harass, extort and...
2006: a big year for P&C buyers and sellers of all shapes and sizes
Dec 25 2006 // JANUARY Hallmark Aquires Aerospace Holdings Fort Worth, Texas-based Hallmark Financial Services Inc. has completed its acquisition of Aerospace Holdings LLC, which markets general aviation insurance products. Hallmark...
2006: Soft market offers up many new insurance products
Dec 25 2006 // E&O, Professional/Management Liability New P/C Insurance Agents’ E&O Rockwood Programs partnered with certain underwriters at Lloyd’s of London to offer professional liability coverage specifically...
New Markets
Dec 25 2006 // Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its...
New Markets
Dec 24 2006 // Accident Site and Public Response Nuts & Bolts: AIG Specialty Excess, an umbrella and excess casualty underwriting unit of the AIG Companies, announced the addition of Accident Site Advisor and PublicResponse to its...
