Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Antonopoulos to Head Crum & Forster
Apr 5 2004 // Prem Watsa, Crum & Forster Holdings Corp.’s current Chairman and CEO and the company’s parent, Canada’s Fairfax Financial Holdings Limited, announced that Nikolas Antonopoulos, who has been President...
AIG Added to the Dow
Apr 2 2004 // American International Group will join a small select club next Thursday, April 8, when it becomes one of three new companies whose share price is used to calculate the Dow Jones Industrial average, “The...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 31 2004 // To no one’s surprise Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ counterparty credit rating on American International Group Inc. and similar high ratings on...
AIG’s National Union Launches Mutual Fund IDL Premier
Mar 25 2004 // National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group, announced the launch of Mutual Fund IDL Premier(SM), a new coverage designed to meet the emerging liability...
ESIS Appoints Burkhardt as Assistant Vice President, Client Services
Mar 19 2004 // ESIS Inc., the risk management services arm of ACE USA, today announced the appointment of Edward Burkhardt as assistant vice president, Client Services. Based in Los Angeles, Burkhardt will have overall responsibility for...
Best Affirms ‘B++’ Rating of Fuji Fire & Marine
Mar 16 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “B++” (Very Good) of Japan’s Fuji Fire & Marine Insurance Company, Limited. Best also assigned a financial strength...
AIG Unveils Professional Liability Coverages for Homeland Security Department Contractors
Mar 15 2004 // The AIG Companies have introduced SAFETY Act Homeland Protector, a new set of product and professional liability coverages designed for companies developing and selling anti-terrorism products and technologies in...
Grasso Subpoenaed in AIG Share Probe
Mar 15 2004 // Former New York Stock Exchange Chairman Dick Grasso has reportedly been issued with a subpoena by the Securities and Exchange Commission, which is looking into charges that he may have participated in efforts to shore up...
AIG Higher Education Risk Solutions Unveiled to Meet College and University Risks
Mar 4 2004 // American International Group Inc. (AIG), announced the formation of AIG Higher Education Risk Solutions, a division of the property and casualty insurance subsidiaries of AIG, to address the growing risks faced by colleges...
AIG Private Client Group to Provide Complimentary Background Checks for Policyholders’ Household Staff
Mar 2 2004 // AIG Private Client Group, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), announced a loss-prevention initiative that will provide policyholders employing domestic...
Arbitration Award Against AIG Subsidiary Affirmed
Feb 27 2004 // The law firm of Kasowitz, Benson, Torres & Friedman LLP announced that the US District Court for the District of Delaware has upheld a $4 million international arbitration award against American Life Insurance Company...
AIG Reports Record 2003 Net Income of $9.27 Billion
Feb 12 2004 // American International Group, Inc. (AIG) reported that its net income for the full year 2003 increased 68.0 percent to a record $9.27 billion, compared to $5.52 billion in 2002. Net income excluding realized capital gains...
William S. Cohen Elected to AIG Board
Feb 3 2004 // American International Group, Inc.’s Board of Directors announced the election of former United States Secretary of Defense and former United States Senator William S. Cohen as a Director. Cohen, 63, is currently...
Best Affirms Transatlantic Subs ‘A++’ Rating
Jan 28 2004 // A.M. Best Co. announced that it has affirmed the financial strength rating of “A++” (Superior) and assigned a negative outlook to the reinsurance subsidiaries of Transatlantic Holdings, Inc. American...
AIG Unveils New Accidental Death & Dismemberment Coverage Options
Jan 14 2004 // AIG Global Energy and the Domestic Accident & Health Division of the AIG Companies announced the availability of On-the-Job Accident Protector, an Accidental Death & Dismemberment (AD&D) insurance program...
AWAC Names Scott Carmilani President and CEO
Jan 14 2004 // Bermuda-based Allied World Assurance Company, Ltd., (AWAC) announced that it has elected Scott Carmilani as President and Chief Executive Officer with immediate effect. He succeeds Michael I.D. Morrison, who has served as...
Yacht Insurance
Jan 12 2004 // Nuts & Bolts: AIG Private Client Group, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), introduced yacht insurance for high net worth individuals. The yacht...
AIG Mergers & Acquisitions Division Notes Launch of Global Web Site
Dec 29 2003 // The AIG Mergers & Acquisitions Division, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), announced the launch of its newly designed global Web site,...
AIG Names Kevin Hogan Sr. Exec Responsible for PICC Relations
Dec 16 2003 // American International Group, Inc. announced the appointment of Kevin Hogan as the senior AIG executive responsible for the recently established cooperative business relationship with PICC Property and Casualty Company...
Top 10 2003 Newsmakers
Dec 15 2003 // While less turbulent than 2001-2002, this year hasn’t exactly been a walk in the park. The industry continues to face intractable problems—a lack of capital strength, accompanied by accusations that it’s...
