Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Insurance charity foundation opens in N.Y.; plans national expansion
Oct 23 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
Insurance Charity Foundation Opens in N.Y.; Plans National Expansion
Oct 10 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group...
Cora Barran was elected president of the Insurance
Oct 9 2006 // People Ernie Csiszar, the Romania-born former South Carolina regulator who two years ago was named president and chief executive officer of the then newly-formed Property Casualty Insurers Association of America, resigned...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings...
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
AIG to Refund $14 Million in Florida Settlement
Sep 27 2006 // Under a consent order issued by Florida Insurance Commissioner Kevin McCarty, AIG Insurance Company will be required to refund or credit approximately $13.6 million in workers’ compensation, and approximately...
Spitzer, Republican opponent, attorneys spar over dropped Greenberg charges
Sep 25 2006 // Spitzer’s Republican opponent for governor called the action proof of “the phony nature of many cases pursued by Eliot Spitzer.” News Currents New York Attorney General Eliot Spitzer has dropped two of...
AIG Pledges $5.25 Million to Microfinance Project Headed by Ex- President Clinton
Sep 25 2006 // The Clinton Global Initiative (CGI), which is headed by the ex-President, has received a pledge a $5.25 million from American International Group to help fund a three-year partnership with ACCION International. The money...
Fitch Assigns ‘AA+ Rating to AIG’s Dubai Subsidiary
Sep 22 2006 // Fitch Ratings has assigned an “AA+” insurer financial strength (IFS) rating to AIG MEMSA Insurance Company with a stable outlook. “Fitch’s rating reflects explicit support in the form of an...
AIG Political Contributions by Subsidiaries Questioned in N.Y.
Sep 21 2006 // Major corporations based in New York such as American International Group Inc. have legally contributed many times more than the corporate limit to political candidates who regulate their businesses, state and...
Former General Re and AIG Execs Indicted for Alleged Reinsurance Fraud
Sep 21 2006 // Four former senior executives of Berkshire Hathaway’s General Re Corp. and a former senior executive of American International Group Inc. were indicted Wednesday on charges they participated in a scheme to manipulate...
AIG Taps Former Citigroup, Travelers Exec Willumstad as Chairman
Sep 20 2006 // American International Group, Inc. (AIG) named a former Citigroup president and chef operating officer, Robert B. Willumstad, as chairman, effective Nov. 1, 2006. He succeeds Frank G. Zarb, who has served as interim...
AOL to Offer AIG’s ID Theft, Computer Coverage to Subscribers for Free
Sep 13 2006 // Free insurance coverage for identity theft and computer damage is among the premium security offerings AOL is making available to its dwindling base of paying subscribers. The move follows last month’s decision to...
U.K.’ s BCC, AIG Team up to Offer Small Business Solutions
Sep 8 2006 // The British Chambers of Commerce (BCC) has teamed up with AIG Europe (UK) Limited to provide small and mediums sized businesses (SMEs) with tailored insurance solutions and advice on business risk management. “Recent...
Some Charges in Spitzer Case Against AIG’s Greenberg, Smith Dropped; Others Remain
Sep 6 2006 // New York Attorney General Eliot Spitzer has dropped what lawyers for Maurice “Hank” Greenberg and Howard Smith, former executives of American International Group, say are the “most explosive and...
AIG Launches New Service to Facilitate Purchase of Global D&O Coverage
Sep 5 2006 // The AIG Companies have introduced AIG Passport, an enhanced service process for corporate clients purchasing locally admitted directors and officers liability insurance to cover their international operations and...
People and Places
Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...
Warren is a 20-year insurance industry veteran. She originally joined Beecher Carlson in March 2005 as senior vice presi
Sep 4 2006 // People American International Group, Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a temporary basis since year-end 2005, and...
People
Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...
