Latest AIG Headlines

Sep 4 2006 // People RISC, based in Dallas, promoted Beth Winstead to senior vice president in its Brokerage Department. Winstead joined RISC in 1997 as a casualty broker and has been one of its most consistent performers since that...

Business Moves

Sep 4 2006 // Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...

People and Places

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

People

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

AIG’s Lexington Completes Quota Share Sidecar Deal with Concord Re

Sep 1 2006 // American International Group announced that the newly formed Concord Re Limited, a “sidecar” reinsurer, and AIG’s subsidiary, Lexington Insurance Company, have entered into a quota share reinsurance...

N.Y. AIG Sponsors ‘Goals for Kids’ Program

Aug 18 2006 // American International Group, Inc. (AIG), the principal sponsor of Manchester United Football Club, today announced the launch of the “AIG Goals for Kids” program. For each goal that Manchester United scores...

AIG Names N. Y. Senior Vice President, Communications

Aug 16 2006 // The American International Group, Inc. (AIG) today announced that Nicholas J. Ashooh will join AIG in September as senior vice president, Communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a...

AIG Sets IPC Offering at $27

Aug 11 2006 // American International Group and IPC Holdings, Ltd. announced that AIG has agreed to sell 13.397 million IPC common shares at $27 per share in an underwritten public offering (See IJ Website Aug. 9). The transaction is...

AIG to Sell its Stake in IPC

Aug 9 2006 // In a joint announcement American International Group and IPC Holdings, Ltd. said AIG “is commencing an underwritten public offering to sell 13.397 million IPC common shares.” As of March 6, 2006, AIG owned...

AIG Reports 29% Decline in 2d Quarter Net Income

Aug 9 2006 // Second quarter income for American International Group, Inc. (AIG) dropped 29 percent to $3.19 billion or $1.21 per diluted share, compared to $4.49 billion or $1.71 per diluted share in the second quarter of 2005. Second...

Banque AIG Appoints Dusek as Executive Director

Jul 25 2006 // Banque AIG, a wholly-owned subsidiary of American International Group, Inc., has hired Tomas Dusek as an executive director in its European marketing group. Dusek will focus on developing business opportunities in Central...

AIG, C.V. STARR

Jul 24 2006 // American International Group Inc. is sparring again with its former chairman, Maurice “Hank” Greenberg. The company is canceling its agency arrangement with the American International Marine Agency, a...

People and Places

Jul 24 2006 // Colemont Insurance Brokers has promoted Elizabeth Dalla-Valle assistant vice president of its Atlanta office. She has experience both as an underwriter and as a wholesaler. Dalla-Valle joined Colemont in 2001. She has more...

Business Moves

Jul 24 2006 // HRH, Thilman & Filippini Insurance broker Hilb Rogal & Hobbs Co. agreed to buy substantial assets of Thilman & Filippini, L.L.C., a Chicago-based insurance agency and brokerage firm with 2005 gross revenues...

AIG to Split from C.V. Starr to Create Own Marine Division

Jul 5 2006 // American International Group Inc., one of the nation’s largest insurers, is sparring again with its former chairman, Maurice “Hank” Greenberg. AIG announced that it is canceling its “agency...

News Briefs

Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...

Target Markets Mid-Year Meeting

Jul 4 2006 // Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their operations and history, including...

The right time to begin

Jul 4 2006 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...

Mucerino to Head New AIG Global Marine and Energy Division

Jun 30 2006 // American International Group, Inc. announced that it has established AIG Global Marine and Energy, a new division of the AIG property and casualty insurance subsidiaries. “The unit will service the insurance, risk...

Galioto Named East Senior Executive for AIG

Jun 23 2006 // American International Group, Inc. (AIG) has named Anthony J. Galioto to the position of AIG Companie’ senior executive – East. Based in Atlanta, Galioto succeeds David M. Hupp, who was recently elected...