Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Postpones N.J. Withdrawal Plan in Response to Auto Reforms
Jul 16 2003 // New Jersey Banking and Insurance Commissioner Holly Bakke announced a broad-ranging agreement recently to protect consumer access to automobile insurance in New Jersey, in which subsidiaries of American International Group...
Schmalzriedt Appointed Chairman and CEO of ACE Overseas General
Jul 16 2003 // ACE Limited announced the appointment of Gary Schmalzriedt, currently president and CEO of ACE European Group, to the position of chairman and CEO of ACE Overseas General. In addition, Ed Clancy, currently president of...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
AIG’s Greenberg to Hold Conference Call Today on GE Japan Life Deal
Jul 1 2003 // American International Group announced that Chairman M. R. Greenberg will hold a conference call on Tuesday, July 1, 2003 at 10:00 am EDT to discuss AIG’s agreement to acquire the GE Japan Life Insurance business and...
Report Lawsuit Filed in L.A. by Investment Bank Against Lloyd’s, AIG
Jul 1 2003 // Jefferies & Company, an investment bank, has reportedly filed suit in L.A. Superior Court against Lloyd’s and American International Group for refusing to pay legal defense costs under D&O policies issued...
Report ZFS May Sell Japanese Operations to AIG
Jun 23 2003 // Zurich Financial Services is reportedly considering the sale of its personal lines Japanese life and P/C operations to American International Group for around 20 billion yen ($169 million). An article, which originally...
Leaders Bullish On Tort Reform, But Not Asbestos Cap
Jun 23 2003 // NEW YORK — Prominent insurance leaders were bullish on the prospects for improved industry performance and for tort system reform here earlier this month, but not so with respect to a federal initiative to cap soaring...
New AIG Construction Specialty to Focus on Builder & Contractors
Jun 23 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty. AIG Construction Specialty...
SARS – 21st Century Epidemic’
May 19 2003 // Severe Acute Respiratory Syn-drome (SARS) has not, so far, threatened to be a repeat of the world’s last great pandemic—the “Spanish Flu” of 1918-19. Nor is it as lethal as malaria, which, according to...
AIG eBusiness Risk Solutions Expands Coverage Against Cyber Security Threats
May 7 2003 // AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG) has enhanced its AIG NetAdvantage® Suite of network security insurance and risk...
AIG Aviation Offering New Coverage for The Civil Air Patrol
May 6 2003 // AIG Aviation, Inc., a member company of American International Group, Inc. (AIG), is now endorsing Civil Air Patrol (CAP) liability coverage onto the non-owned aircraft damage liability insurance form. “The Civil Air...
AIG Global Surety, National Indemnity to Provide Surety Facility for Large Creditworthy Contractors
Apr 24 2003 // AIG Global Surety, a division of the property and casualty insurance subsidiaries of American International Group, Inc., and National Indemnity Company (NICO), a member of the Berkshire Hathaway group of insurance...
Fund, AIG, SCIF Execs Headline Insuring the Children Event
Apr 18 2003 // Insuring The Children will present its ninth annual forum, “The Future of This Industry,” Thursday, May 22, at The California Club, 538 S. Flower St., Los Angeles. Registration begins at 8 a.m., with the Forum...
AIG to Relocate Chicago Offices
Mar 31 2003 // American International Group Inc. (AIG) has signed a letter of intent to lease about 160,000 square feet of office space at 300 S. Riverside Plaza, a 1-million-square-foot building owned by Bank One Corp., sources said. If...
S&P Affirms AIG’s ‘AAA’ Ratings
Mar 25 2003 // Standard & Poor’s Ratings Services announced that it has affirmed its ‘AAA’ ratings on American International Group Inc. and various AIG operating companies. S&P reaffirmed the increasingly rare...
S&P’s Report Examines Insurers’ Recent D&O Woes
Feb 27 2003 // Reportedly barring a divine mission to overhaul human nature, corporate folly and wrongdoing will remain a fact of life, but the toll on insurers has intensified sharply, according to a report just published by Standard...
Donald Trump and AIG – A Parting of the Ways
Feb 27 2003 // American International Group’s Chairman Maurice “Hank” Greenberg appeared to confirm earlier reports that the company will not be renewing insurance coverage on the properties of New York’s...
AIG Forms New Unit to Coordinate Global Risk Management, Captive Capabilities
Feb 25 2003 // American International Group, Inc. (AIG) announced the formation of AIG Global Risk Management, established to consolidate the global risk management and captive capabilities of the AIG companies. Charles Dangelo,...
AIG Shocks the Industry with $1.8 Billion After-tax Reserve Strengthening
Feb 24 2003 // Neither the insurance industry nor the stock market was prepared for the announcement made by American International Group recently, that it would “incur a net, after tax charge of $1.8 billion in the fourth quarter...
AIG Shocks Industry with $1.8 Billion After-Tax Reserve Strengthening
Feb 24 2003 // Neither the insurance industry nor the stock market was prepared for the announcement made by American International Group on Feb. 3, that it would “incur a net, after tax charge of $1.8 billion in the fourth quarter...
