Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
AIG Offers On-line Travel Insurance
Oct 26 2000 // American International Group’s e-commerce site, aigdirect.com, is now offering a new program called AIGAssist that covers a package of travel insurance and 24-hour assistance services provided by AIG member...
Japan Life Sector – Kyoei To File For Protection – AIG Appointed For Chiyoda
Oct 20 2000 // More trouble was announced this morning for Japan’s life insurance sector with the news that Kyoei Life Insurance, the nation’s 11th largest life insurer, is preparing to file for court protection. With total...
AIG To Help With Chiyoda Restructuring
Oct 10 2000 // AIG has reportedly confirmed that it will continue talks with Japan’s Chiyoda Life in an effort to restructure the 96 year old company, following yesterday’s announcement that it was filing for bankruptcy...
AIG, Tata Group To Launch P/C, Life Cos. In India
Oct 9 2000 // American International Group and Tata Group, one of India’s largest and most successful industrial conglomerates, have joined forces to launch insurance ventures in life insurance and p/c in India. In accordance with...
WHO WILL BE AIG CEO’
Oct 2 2000 // American International Group President and Chief Operating Officer Evan G. Greenberg resigned Sept. 19 from the company “to pursue other interests.” The reason for Evan Greenberg’s departure was not made...
AIG President Resigns
Sep 19 2000 // AIG Chairman M.R. Greenberg said, “We wish Evan the very best in his future endeavors.” The reason for Evan Greenberg’s departure was not made immediately available.
AIG TO ACQUIRE HSB GROUP
Sep 4 2000 // American International Group Inc. and HSB Group, Inc. have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding stock of HSB Group. The total value of the transaction is approximately...
AIG Agrees to Purchase HSB Group Inc.
Sep 4 2000 // American International Group Inc. (AIG) announced it made a definitive agreement to acquire HSB Group Inc. for a price of approximately $1.2 billion. “We think that the synergies are terrific, and we look forward to...
Hyundai Sec. Says Near Deal with AIG
Aug 28 2000 // South Korea’s Hyundai Securities is in negotiations to sell a 20 percent stake to American Insurance Group in a deal that could be worth nearly $1 billion for the Korean firm. “The chairman of Hyundai...
AIG to Acquire HSB Group
Aug 18 2000 // American International Group, Inc. and Hartford Steam Boiler Group, Inc. (HSB) have entered into a definitive agreement whereby AIG will acquire 100 percent of the outstanding stock of HSB Group. HSB stockholders will...
Large Carriers Post Positive Second-Quarter Results
Aug 7 2000 // Over the past three weeks, U.S. property/casualty insurers have been busy posting their second-quarter results. With continuing low premium rates and high claims costs, it may look like bad news for the industry as a...
