Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Prudential Drops Injunction Demand
Apr 18 2001 // Prudential plc announced that it is no longer seeking an injunction against AIG to halt its talks with American General, but it isn’t dropping its lawsuit, and will continue to seek monetary damages. The injunction...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 16 2001 // American International Group Inc., Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, a web-based insurance agency that will allow consumers to...
InsureHiTech, AIG’s American International Cos. Complete XML Integration Project
Apr 12 2001 // InsureHiTech, an eBusiness property/casualty insurance portal designed for middle market technology clients, announced that AIG’s American International Companies, has “gone live” with its Web-based...
AIG, American General Talk – Pru Sues
Apr 11 2001 // The fight between AIG and Britain’s Prudential to take over Houston-based American General heated up considerably on Tuesday. AIG signed a confidentiality agreement with Am Gen, and began discussions aimed at...
American General O.K.’s Talks With AIG
Apr 10 2001 // American General’s board of directors inched a step closer to American International Group, and a step further away from Britain’s Prudential plc, on Monday, when it voted to authorize its management and...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 9 2001 // American International Group Inc. (AIG), Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, an innovative web-based insurance agency that will...
AIG Seen as Winner in Bid For American General
Apr 5 2001 // The emerging consensus among financial analysts sees AIG as the winner in its contest with Prudential (U.K.) for American General. Ironically Pru shares closed up 6.9 percent at around $43 per share, while AIG dropped 4.2...
AIG Tops Prudential Bid For American General
Apr 4 2001 // No one has ever accused AIG’s legendary CEO, Maurice “Hank” Greenberg, of thinking small, and the Tuesday night bombshell he dropped into the merger plans between Prudential U.K. and Houston-based...
Speculation Places Amex On The Block With Citigroup, AIG, Morgan Stanley As Ready Bidders
Apr 2 2001 // American Express Co. shares soared more than 7 percent on Friday on rumors that the financial firm Citigroup Inc. is interested in buying the charge card issuer. A deal could be worth at least $56 billion, based on...
Hartford Steam Boiler Launches International Coverage
Mar 14 2001 // It didn’t take long for HSB to start expanding internationally once it became part of AIG. Tuesday the company announced the introduction of “a new international insurance product called HSB OneSource.”...
AIG Unit To Offer Nasdaq Japan Liability Coverage
Feb 28 2001 // American International Underwriters, the international p/c unit of AIG, announced that an agreement has been reached with Nasdaq Japan to offer management liability insurance to companies listed on the exchange. Nasdaq...
AIG ON THE MOVE
Feb 26 2001 // AIG gave further evidence of its confidence in Japan’s economy on Feb. 6, with the announcement that the U.S. giant had agreed to acquire a 7.3-percent stake in H.I.S. Securities Co. Ltd. for $2.61 million. While...
AIG Bails Out Chiyoda Life; Taisho Life Also Rescued
Feb 23 2001 // AIG plans to inject $513.5 million in capital into failed Chiyoda Mutual Life Insurance Co, sponsoring a revival plan for Japan’s 12th largest life insurer. “As a result, AIG will significantly expand its...
AIG Looking For Acquisitions
Feb 13 2001 // American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that...
AIG Profits Up; Life, Overseas Units Grow
Feb 9 2001 // American International Group Inc. saw quarterly operating profits rise 16 percent during the fourth quarter, matching Wall Street forecasts as earnings from worldwide life and overseas general insurance operations...
AIG Names Holbrooke, Zarb to Board
Feb 8 2001 // American International Group has named Richard Holbrooke, former U.S. ambassador to the United Nations, and Frank Zarb, Nasdaq stock market Chairman, to its board of directors. “They are two outstanding individuals...
AIG To Acquire 7.3 Percent Stake In Japanese Stockbroker
Feb 7 2001 // AIG gave further evidence of its confidence in Japan’s economy on Tuesday, with the announcement that the U.S. giant had agreed to acquire a 7.3 percent stake in H.I.S. Securities Co. Ltd. for 300 million yen ($2.61...
AIG Offers Kroll Personal Security Services to Private Clients
Feb 6 2001 // AIG announced that it was expanding its working relationship with Kroll Associates, the international security firm, and that its Private Client group would offer the firm’s “personal security services to high...
AIG Takeover of Chiyoda Delayed As Administrators Consider Rival Bids
Feb 5 2001 // Japanese newspaper reports that AIG was in the final stages of taking over failed insurer Chiyoda Mutual Life appear to have been a bit premature, as administrators for the company announced that they would hold talks with...
AIG Takeover of Chiyoda Delayed As Administrators Consider Rival Bids
Feb 5 2001 // Japanese newspaper reports that AIG was in the final stages of taking over failed insurer Chiyoda Mutual Life appear to have been a bit premature, as administrators for the company announced that they would hold talks with...
