Latest AIG Headlines

People – West

Aug 22 2005 // Russ McFarren Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific...

AIG Denies Claims Fraud Charges by Consortium of Reinsurers

Aug 22 2005 // A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers claim are...

People

Aug 22 2005 // The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S....

Aug 22 2005 // Calabasas, Calif.-based Lionheart Insurance Services has hired Russ McFarren as an excess and surplus broker. He began his insurance career in Ohio and relocated to Los Angeles in 1963 with the Pacific Indemnity Insurance...

AIG Notes Q2 Net of $3.99B

Aug 9 2005 // American International Group Inc. (AIG) has filed its Quarterly Report on Form 10-Q for the period ending June 30, 2005 with the Securities and Exchange Commission. Additionally, AIG filed a Form 10-Q/A restating the...

People

Aug 8 2005 // American International Group Inc. announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all outward...

Business Moves

Aug 8 2005 // Berkshire Hathaway, General Electric Omaha, Neb.-based Berkshire Hathaway and Kansas City, Mo.-based General Electric announced that GE Insurance Solutions’ sale of Medical Protective Corporation to Columbia...

Greenberg Fights Back; Ousted AIG Exec Defends Accounting and Challenges Current Management

Aug 4 2005 // Maurice “Hank” Greenberg, former chief executive officer of American International Group Inc., is battling back against charges he cooked AIG’s books, arguing that many of the accounting decisions for...

AIG Names Roemer as Internal Auditor; Duckett Becomes VP Administration

Aug 3 2005 // American International Group Inc. announced that Michael E. Roemer will join the company as director of internal audit and will be appointed a senior vice president. Roemer succeeds Keith L. Duckett, who has been named AIG...

Reinsurers Sue AIG Alleging Claims Fraud; AIG Denies All Wrongdoing

Aug 1 2005 // A group of 18 insurers is suing American International Group and bankrupt fronting company Trenwick America Reinsurance Corp. for allegedly scheming to collect as much as $73 million in what the insurers claim are...

AIG to Help Rebuild Banda Aceh Fish Market Destroyed by Tsunami

Jul 27 2005 // American International Group has signed an agreement to provide funding to rebuild Peunayong Market, the biggest fish market in Banda Aceh, Indonesia. The total value of the Peunayong Market project is estimated at...

AIG Names Schimek, Jacobson to Key Executive Positions

Jul 22 2005 // American International Group, Inc. (AIG) has announced that Robert S. Schimek will join AIG as senior vice president and chief financial officer of the Domestic Brokerage Group, its commercial property-casualty insurance...

AIG Disaster Relief for Tsunami Victims Enters Reconstruction Phase

Jul 20 2005 // Now that immediate efforts to assist tsunami victims with housing and food relief are well underway, the AIG Disaster Relief Fund and CHF International are joining together to begin the next critical phase of long-term...

American Hobbyist’s Online Rating

Jul 18 2005 // American Hobbyist Insurance, a national provider of collector-vehicle insurance, added real-time online quoting and submission capabilities to its newly redesigned Web site. AmericanHobbyist.com now provides online quoting...

AIG Tabs Dangelo as Head of Reinsurance; Iglesias Advances

Jul 6 2005 // American International Group Inc. (AIG) announced that AIG Vice President Charles Dangelo has been appointed AIG’s senior reinsurance officer, effective immediately. In this role, he will be responsible for all...

AIG Excess Casualty Offers New Online Tool

Jul 5 2005 // AIG Excess Casualty, a division of the property and casualty insurance subsidiaries of American International Group Inc. (AIG), has rolled out a new online database of real-world claim scenarios designed to serve as an aid...

AIG Names Former SEC Chairman as Special Advisor to Board of Directors

Jul 5 2005 // American International Group Inc. has named Arthur Levitt as a special advisor to its board of directors and as a member of the board’s nominating and corporate governance Committee. Levitt’s duties will...

How to Market Program Business to Carriers: Tell All, Honestly

Jul 4 2005 // Target Markets Mid-Year Meeting Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their...

Target Markets Aims to Win

Jul 4 2005 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...

International Newsbriefs

Jul 4 2005 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...