Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Says Computer Theft in Midwest Contains Personal Info of Thousands
Jun 20 2006 // A theft of computer equipment containing personal information about 970,000 individuals was recently confirmed by American International Group Inc., (AIG). The theft took place on March 31st at one of AIG’s Medical...
Lexington Introduces New Warehouse Legal Liability Policy
Jun 13 2006 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has introduced Warehouse Legal Liability insurance, a new policy providing coverage for the warehousing, trucking and logistics...
AIG Gives $1 Million to Indonesian Earthquake Relief
Jun 7 2006 // American International Group, Inc. is donating $1 million to support relief efforts in the areas affected by the May 27 earthquake in Indonesia. President and CEO Martin J. Sullivan explained: “The earthquake in...
Business Moves
Jun 5 2006 // General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the...
AIG Subsidiary Launches Multi-Line Education Insurance Program
Jun 2 2006 // AI Risk, a member company of American International Group Inc. (AIG), has launched AI Risk Education Program, a multi-line property and casualty program for private primary schools, colleges and universities. The AI Risk...
AIG Receives China Group Sale License
May 29 2006 // American International Assurance Company, Limited (AIA), a subsidiary of American International Group, has received approvals from the China Insurance Regulatory Commission (CIRC) to conduct group insurance business...
Transatlantic Elects AIG’s Sullivan Chairman; Mayer Joins Board; Other Officers Named
May 26 2006 // The Board of Directors of Transatlantic Holdings, Inc. elected Martin J. Sullivan as its non-executive Chairman at a regularly scheduled meeting. Sullivan is the President and CEO of American International Group, which...
AIG Adopts Policy on Climate Change
May 17 2006 // American International Group has joined the ranks of major insurers committed to doing something about the increased risks the industry faces due to climate change. In a newly issued statement, the company said it...
AIG Reports 1st Quarter Net Income of $3.2 Billion
May 11 2006 // American International Group, Inc. (AIG) has reported that its net income for the first quarter 2006 was $3.20 billion or $1.22 per diluted share, compared to $3.80 billion or $1.45 per diluted share in the first quarter...
People and Places
May 8 2006 // Rick Padula has been appointed president and chief operating officer of the Glover-Padula Insurance Agency in East Greenwich, R.I., which is one of Gencorp Insurance Group’s business units. Padula has been with...
People
May 8 2006 // Rick Padula has been appointed president and chief operating officer of the Glover-Padula Insurance Agency in East Greenwich, R.I., which is one of Gencorp Insurance Group’s business units. Padula has been with...
AIG to Sell Most of IPC Stake
Apr 21 2006 // Bermuda-based IPC Holdings, Ltd. announced that AIG has given notice that it intends to exercise its demand registration rights to register for sale up to 15.397 million of the IPC common shares it owns (24.2 percent of...
Keogh to Succeed Schmalzriedt as Head of ACE Overseas General
Apr 18 2006 // The ACE Group of Companies announced the retirement of Gary Schmalzriedt as CEO of ACE Overseas General, the company’s international property and casualty insurance organization, and the appointment of John Keogh,...
Doyle Named CEO at National Union; Maleno Advanced at American Home
Apr 17 2006 // American International Group, Inc. announced that John Q. Doyle, president of American Home Assurance Company, has also been named AIG senior vice president for domestic general insurance and president and chief executive...
AIG Names Jacobs Tax Director
Apr 14 2006 // American International Group, Inc. has named Philip M. Jacobs as vice president and director of taxes. Jacobs succeeds Peter K. Lathrop, who is retiring. Jacobs, who will join the company in July, will report to Steven J....
Fitch Removes AIG and Subsidiaries from Negative Watch
Apr 11 2006 // Fitch Ratings has affirmed and removed from its Rating Watch Negative all of its ratings on American International Group, Inc. (AIG) and subsidiaries. Fitch originally placed AIG on Rating Watch Negative in March 2005. In...
AIG in $100 Million Deal to Sponsor Manchester United
Apr 7 2006 // Players for Manchester United, the U.K.’s legendary football (soccer) club, will be sporting AIG logos on their shirts for the next four years. Man United’s chief executive David Gill announced yesterday, April...
NASD Fines AIG Affiliate American General Securities $1.1 Million
Apr 5 2006 // NASD, the securities industry’s private sector regulator, has fined American General Securities, Inc. (AGSI), a member company of American International Group, Inc. (AIG) located in Houston, more than $1.1 million in...
AIG American General Launches New Employee Benefits Group
Apr 4 2006 // AIG American General has opened a new operational group, AIG Employee Benefit Solutions, to address the needs of the employee benefits market. The new organization is the result of the recent integration of the Group...
Business Moves
Apr 3 2006 // Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys...
