Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
WSJ Report: Officials Probing AIG CEO Greenberg’s Role in Reinsurance Products
Mar 7 2005 // Federal and state investigators are looking into a deal between American International Group Inc. and Berkshire Hathaway Inc.’s General Reinsurance unit in part because of the alleged involvement of AIG’s...
AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT
Mar 7 2005 // Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
Municipal Workers Pension Plan Sues AIG to Alter Board Nominating Process
Feb 25 2005 // The American Federation of State, County and Municipal Employees Pension Plan has filed suit against American International Group (AIG) in U.S. District Court for the Southern District of New York seeking to alter the...
Allstate, AIG, Chubb, St. Paul/Travelers Ask Pa. Commissioner to Examine ACE Brandywine Sale
Feb 21 2005 // The law firm representing Allstate Insurance Company, American International Group Inc., Chubb & Son, and St. Paul Travelers has filed a demand, addressed to Diane Koken head of the Pennsylvania Department of...
S&P Sees “No Action” on AIG Ratings
Feb 17 2005 // Standard & Poor’s Ratings Services announced that it is taking no action on its ratings on American International Group Inc. (currently rated “AAA”/Negative/”A-1+”) following the...
Ohio AG Reports Buckeye State Appointed Lead Plaintiff in Suit Against AIG
Feb 17 2005 // Ohio Attorney General Jim Petro announced this week that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
AIG, Marsh Execs Plead Guilty in Spitzer Probe, Bringing Total Pleas to 9; AIG Offers Response
Feb 15 2005 // New York Attorney General Eliot Spitzer said Tuesday that a senior executive at Marsh and two AIG employees have pleaded guilty to criminal charges in connection with an ongoing investigation of fraud and bid rigging in...
New York AG’s, SEC Subpoenas Target AIG ‘Non-Traditional’ Insurance
Feb 14 2005 // American International Group, Inc. acknowledged that it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission “relating to investigations of non-traditional...
AIG Aviation Grows Specialty Workers’ Comp Program; Risks for Fixed Base Operators Covered
Feb 8 2005 // AIG Aviation Inc., a member company of American International Group, Inc. (AIG), is expanding its Specialty Workers’ Compensation offering to cover the risks associated with Fixed Base Operators (FBOs) at private,...
General Liability
Feb 7 2005 // Nuts & Bolts: AIG Environmental, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), enhanced its environmental and general liability exposures program,...
A.M. Best Upgrades Rating for The Hartford Steam Boiler Inspection and Insurance Co., Subs
Feb 1 2005 // A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated...
National Union Fire Insurance Co. of Pittsburgh Upgrades Professional Liability, Network Security Risks
Jan 25 2005 // National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc. (AIG), announced the enhancement of its AIG ProTech Modular Edition for professional liability and network...
People & Places
Jan 24 2005 // Catherine Rein MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective Jan. 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will...
The Asian Catastrophe: An Unprecedented Event Evokes a Global Response
Jan 24 2005 // Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many...
Quanta Capital Appoints Byrne European Chief Underwriting Officer
Jan 19 2005 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced the appointment of John J. Byrne as Chief Underwriting Officer...
AIG Raises Cash Dividend by 66.7%
Jan 5 2005 // The board of directors of American International Group Inc. (AIG) has increased the quarterly cash dividend on the company’s common stock to 12.5 cents per share from the previously declared 7.5 cents per share. The...
Tidal Wave Update: Death Toll Mounts; Aid Effort Underway; AIG Pledge
Dec 28 2004 // As scenes of utter devastation played across the world’s television screens, local authorities and volunteer rescue workers continued the grim job of collecting and burying the bodies of the victims who perished in...
AIG CHIEF SEES ‘LEANER’ BROKERS:
Dec 20 2004 // The chairman and chief executive officer if AIG said he thinks the ongoing broker investigations will cost large insurance brokers some of their top people and eventually make brokers leaner and more responsive to...
AIG Specialty WC Site Expansion
Dec 20 2004 // AIG Specialty Workers’ Compensation, a division of the property and casualty insurance subsidiaries of American International Group Inc., expanded its “Partners in Productivity” Web site to enable its...
S&P Assigns AIG Europe N.V. ‘AAA’ Rating
Dec 13 2004 // Standard & Poor’s Ratings Services announced that it has assigned its ‘AAA’ financial strength rating and a stable outlook to AIG Europe (Netherlands) N.V. According to S&P credit analyst Grace...
