Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Reports Rise in 2Q 2001 Income to $1.66 Billion
Jul 30 2001 // American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative...
ASP Industry Consortium Unveils Insurance Program for ASP’s
Jul 26 2001 // The Wakefield, Mass.-based ASP Industry Consortium announced the availability of a new insurance program designed specifically for application service providers (ASPs). The program, developed in conjunction with...
Judge Decides in AIG’s Favor in Dispute over Auto Insurance Rates
Jul 25 2001 // An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey...
AIG Comments on California Appeals Court Ruling
Jul 20 2001 // A California Court of Appeal has ruled that a suit against CIGNA Corp. and its former subsidiary, Insurance Company of North America (INA) — charging both companies with illegal conduct and fraud — could...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
AIG Affirmed
Jul 16 2001 // Fitch affirmed the ratings of American International Group Inc. (AIG) and its insurance subsidiaries. The ratings are supported by AIG’s placement as the preeminent U.S.-based global insurance organization with...
AIG eBusiness Risk Solutions to Offer Antivirus, Internet Security Resources
Jul 11 2001 // AIG eBusiness Risk Solutions, a division of American International Companies, formed an alliance with Computer Associates International Inc. (CA) to help AIGnetAdvantage Suite(SM) insureds manage Internet security...
AIG Delays Construction of Delaware Complex
Jul 10 2001 // American International Group has decided to delay a major building project in Wilmington following its acquisition of American General. Company spokesmen said that the original plan to build twin office towers for up to...
Rift Between EU US Over AIG Stalls China/WTO Pact
Jul 5 2001 // Negotiators in Geneva had hoped to announce that they had reached an accord on all issues, clearing the way for China to join the World Trade Organization, but they’ll have to wait a bit longer, as a dispute over...
AIG Files To Exit NJ Auto Market
Jun 21 2001 // Insurance giant American International Group became the second insurance company in two weeks to file a request with New Jersey’s Insurance Department requesting permission to withdraw from the state’s...
Shareholder Vote Planned for AIG Deal
Jun 21 2001 // Insurer American General Corp. indicated its shareholders will vote on a planned $23 billion takeover by rival American International Group Inc. at a special meeting Aug. 15. According to a Reuter’s story, the...
AIG Announces Plans To Form Lloyd’s Syndicate
Jun 18 2001 // According to a report in London’s Financial Times, American International Group, plans to announce the formation of an underwriting syndicate at Lloyd’s with an initial capitalization of $100 million ($140...
AIG TO BUY AM GEN
May 21 2001 // American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies....
Report American General To Accept AIG Offer
May 11 2001 // Although there’s been no official word as yet, The New York Times, The Wall Street Journal and the Financial Times all reported on their respective websites that Houston-based life insurer American General would...
AIG Outbids Prudential for American General
Apr 30 2001 // No one has ever accused American International Group (AIG) CEO, Maurice “Hank” Greenberg, of thinking small or being timid. He reinforced his reputation April 3 with a letter to American General CEO Robert...
ING Sells Argentine Life Sub to AIG – Expands Polish Operations
Apr 27 2001 // Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an...
AIG’s First-Quarter Income Increases
Apr 27 2001 // American International Group Inc. (AIG), the largest underwriter of commercial and industrial insurance in the U.S., reported solid first-quarter results. AIG’s income, excluding the cumulative effect of an...
AIG Gets Final Approvals for Chiyoda Takeover
Apr 23 2001 // The Tokyo District Court, Japanese regulatory authorities and major creditors have all given final approval to American International Group’s takeover of failed insurer Chiyoda Mutual Life Insurance Co. Chiyoda filed...
AIG Tops Pru’s Bid for American General
Apr 23 2001 // No one has ever accused American International Group’s (AIG) legendary CEO, Maurice “Hank” Greenberg, of thinking small or being timid. He reinforced his reputation on April 3 with a letter to American...
AIG Affirmed
Apr 23 2001 // The “AAA” debt and counterparty credit ratings on American International Group Inc. (AIG) were affirmed by Standard & Poor’s (S&P). Concurrently, the “AAA” insurer FSR and...
