Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Reaffirms Chiyoda, Hyundai Deals
Feb 1 2001 // AIG CEO Maurice Greenberg reaffirmed his company’s commitment to put together a rescue plan for Chiyoda Mutual Life, the failed Japanese insurer which has been in talks with AIG since October. At the same time a...
AIG Indian Joint Venture License Approved
Jan 24 2001 // American International Group announced that it has received approval from the Indian Insurance Regulatory and Development Authority to establish a joint venture with the Tata Group “to market commercial and personal...
AIG Excess Casualty Division Introduces Online Umbrella Tool
Jan 9 2001 // American International Group division AIG Excess Casualty has introduced AIG e-Excess, a new web-based system providing eligible brokers with the ability to receive quote and bind select commercial umbrella coverages...
Chiyoda, Kyoei Liabilities Threaten AIG, Prudential Acquisitions
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
AIG Signs Cooperation Pact With Chinese Insurer
Dec 22 2000 // American International Group has formed a strategic alliance with Pingan Insurance Company of China, that provides for each company to use the other’s sales and service network. AIG will use Pingan’s facilities...
AIG Joins ACORD
Dec 11 2000 // Nonprofit standards developer ACORD just got a big boost with the addition of international insurance giant American International Group Inc. AIG is the largest underwriter of commercial and industrial insurance in the...
AIG Ukraine Gets SP Triple ‘A’ Rating
Dec 8 2000 // AIG Ukraine Insurance Co., a wholly owned subsidiary of American International Group has received a triple ‘A’ financial strength rating from Standard & Poor’s following an extensive and voluntary...
AIG Ranks No. 1 in Financial Sector Capitalization
Dec 4 2000 // American International Group has taken the No.1 spot in the financial sector in terms of market capitalization with a market value of $217 billion. Its shares have been trading in the $90 to $100 dollar range, and have...
Connecticut DOI Approves Acquisition of HSB by AIG
Nov 22 2000 // HSB Group Inc. announced that yesterday the Connecticut State Insurance Department approved the acquisition by American International Group Inc. of The Hartford Steam Boiler Inspection and Insurance Company and The...
AIG Private Client Group Establishes Four Zonal Offices
Nov 17 2000 // AIG Private Client Group, a division of the American International Companies that provides customized risk management solutions and services for high net worth individuals, established four regional offices with local...
AIG Confirms Purchase of Egyptian Insurer
Nov 15 2000 // AIG confirmed that it has purchased a 90 percent interest in Egyptian p/c insurer Pharaonic Insurance Company S.A.E., which writes general insurance and reinsurance coverage in the Egyptian market. The company’s...
AIG Announces New Division for eCommerce Risk Products
Nov 14 2000 // AIG announced that it has formed AIG eBusiness Risk Solutions, a new division within the company, “that will analyze new eCommerce risks and design and deliver insurance solutions for the business-to-business (B2B)...
AIG Forms Alliance With Bank of China
Nov 2 2000 // In a move which will further strengthen its already powerful position in the Chinese market, American International Group (AIG) announced that it has concluded a broad cooperation agreement with the Bank of China, the...
AIG, Dun & Bradstreet to Form B2B Joint Venture
Nov 1 2000 // American International Group and The Dun & Bradstreet Corp. has agreed to form a joint venture that will offer a suite of products and services to be named Avantrust. The venture will target business-to-business...
AIG CEO Cancels Korea Trip – “Nothing To Do” With Hyundai Deal
Oct 31 2000 // AIG CEO Maurice Greenberg canceled a previously scheduled trip to Seoul, prompting speculation that the $1 billion plus deal announced last July for an AIG led consortium to acquire a 50 percent interest in financially...
AIG Third Quarter Shows Increased Income, Analysts
Oct 31 2000 // American International Group has reported that its income excluding losses increased 14.6 percent to $4.1 billion in the third quarter and 14.4 percent to $4.21 billion for the first nine months of 2000. Net income for the...
iwix.net Signs AIG Worldsource; Product Recall Products Added to Site
Oct 30 2000 // iwix.net, an Internet specialty insurance marketplace, has signed AIG Worldsource to provide new products on the iwix.net site. AIG Worldsource, located in New York, will provide product recall coverages, which will...
AIG IN THE DRIVER’S SEAT
Oct 30 2000 // American International Group Inc. announced that its member companies have entered into a number of strategic alliances to provide insurance products and services to users of leading automotive-related sites including...
AIG Posts 15 Percent Earnings Increase For 3rd Quarter
Oct 27 2000 // Growth in all sectors propelled the 3rd quarter earnings of American International Group to new highs as it posted an operating profit of $1.41 billion, a 15 percent increase over 1999 figures, meeting analysts...
AIG Sees Acquisition Opportunities
Oct 27 2000 // American International Group posted a 14.6 percent rise in third-quarter profits Thursday. Meanwhile, the company’s chairman raised the possibility of insurance acquisitions across the world. Net income for the third...
