Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Massachusetts Announces $430K Settlement With AIG Subsidiary
Oct 5 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
Massachusetts AG Healey Announces $430K Settlement With AIG Subsidiary
Sep 16 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
AIG Loses Appeal Over Foreign Tax Credits
Sep 11 2015 // A U.S. appeals court on Wednesday rejected efforts by American International Group Inc. and Bank of New York Mellon Corp. to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service...
Court Narrows Investment Firms’ Claims Against AIG
Sep 11 2015 // American Group International Group Inc. won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors...
AIG, Axis Insure Adultery Website AshleyMadison: Report
Sep 9 2015 // American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people...
AIG to Freeze Employee Pension Plan, Switch to 401(k)s
Sep 4 2015 // American International Group Inc., the insurer seeking to cut costs under Chief Executive Officer Peter Hancock, said it will halt employees’ existing pension program in the U.S. and instead focus on 401(k)...
AIG Launches Insurance for Couture, Designer Wardrobe Collections
Sep 3 2015 // AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer...
Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
Sep 1 2015 // Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first...
AIG’s Lavastone in Dispute with Life Settlements Firm Coventry
Aug 28 2015 // An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it...
Nationwide Rebrands Crestbrook, Expands Affluent Client Offerings to 4 States
Aug 26 2015 // Nationwide Private Client insurance products and services for affluent clients are now available in four new states: Alaska, Idaho, Minnesota, and Tennessee, bringing the total number of states served to 16. Nationwide...
AIG Exits Plane Leasing Business with $500M Sale of AerCap Stock
Aug 19 2015 // American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The sale of 10.7 million...
People – East
Aug 17 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion in July, has designated a post-merger leadership team for the North American insurance operations of the combined company. The North America leadership...
AIG Sees Opportunity in ACE-Chubb Marriage
Aug 17 2015 // ACE Limited’s acquisition of Chubb Insurance could create opportunity for American International Group (AIG), which is already a major player in the high net worth market along with both ACE and Chubb. Asked during...
California Court Hands Down $55M in Decision Against Three AIG Companies
Aug 17 2015 // An Alameda County, Calif., jury has awarded Pennsylvania-based Victaulic Co., $55.3 in damages against three AIG companies. The trial in Victaulic Co. v. American Home Assurance Co. et al., in Alameda County Superior Court...
U.S. Appeals Ruling in Greenberg’s Case Against AIG Bailout
Aug 13 2015 // The United States filed an appeal on Wednesday against a U.S. judge’s ruling in June that sided with former American International Group chief executive Maurice “Hank” Greenberg on a legal claim over the...
AIG, Other Insurers Avoid Offering Cover for Tax Risks in Indian M&As
Aug 11 2015 // Prime Minister Narendra Modi needs to offer much more than just his best intentions to clean up India’s whimsical tax regime to help convince insurers. Companies from Allianz SE to American International Group Inc....
California Court Hands Down $55M in Decision Against Three AIG Companies
Aug 7 2015 // An Alameda County, Calif., jury has awarded Pennsylvania-based Victaulic Co., $55.3 in damages against three AIG companies. The trial in Victaulic Co. v. American Home Assurance Co. et al., in Alameda County Superior Court...
Starr Names AIG’s Conway as Senior VP for Specialty Casualty
Aug 5 2015 // Dan Conway has joined global insurer Starr Companies as senior vice president for Specialty Casualty. Conway will assume overall responsibility for the Construction, Excess Construction and the Defense Base Act (DBA)...
AIG Focuses on Integrating Japan Businesses, Rather Than Additional M&As
Aug 5 2015 // American International Group Inc. plans to sit out the unprecedented wave of insurance industry deal-making and instead focus on integrating businesses in Japan. The timetable for merging AIU with Fuji Fire & Marine...
