Latest AIA Headlines
All the headlines from our AIA Topic Page, ordered by recency.
AIG Makes Final Payment for AIA Aurora Stake
Mar 23 2012 // American International Group Inc. has made a final $1.5 billion payment to the United States Treasury Department to retire the Treasury’s interest in AIA Aurora LLC (AIA SPV) – a special purpose vehicle created to...
U.S. Treasury Selling Off $6B in AIG Stock
Mar 19 2012 // The U.S. Treasury Department is selling $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step forward in an...
Aspen Insurance, Swiss Re Execs Join AIA Board
Mar 16 2012 // Mario Vitale, co-CEO of Aspen Insurance in New York, and Robert Solitro, chairman of Swiss Re Corporate Solutions U.S. Cos. in Manchester, N.H., have been elected as new board members of the American Insurance...
U.S. to Sell $6 Billion in AIG Stock; AIG to Pay More to Taxpayers
Mar 7 2012 // The U.S. Treasury Department said on Wednesday it will sell $6 billion worth of American International Group stock and struck another deal for the insurer to pay down $8.5 billion more in obligations, taking a major step...
AIG to Sell $6 Billion Worth of AIA shares to Repay U.S. Bail-out
Mar 5 2012 // American International Group is selling part of its stake in AIA Group to raise about $6 billion to help the U.S. insurer repay a huge federal government bail-out. AIG is looking to place some 1.7 billion AIA shares in a...
Asia Insurer AIA Boosted by Surge in New Business
Feb 24 2012 // AIA Group Ltd, Asia’s No.3 insurer, reported a 40 percent rise in value of new business for its fiscal full year and growth in Thailand despite last year’s devastating floods, surprising analysts and sending...
AIG Posts Huge Q4 Profit on Tax Benefit; Chartis Reports $348M Income
Feb 23 2012 // Bailed-out insurer American International Group reported a $19.8 billion profit for the fourth quarter, after an accounting change that allowed the company to record an enormous one-time benefit. The move, which sent the...
AIA’s Snyder Describes Korea Trade Pact as ‘Excellent Model’
Feb 22 2012 // The long-awaited implementation of the Free Trade Pact between the Republic of Korea, or South Korea, and the U.S. (KORUS) is scheduled to go into effect on March 15. The date will see the conclusion of negotiations that...
AIG In No Rush to Sell Key Assets: CEO Benmosche
Feb 15 2012 // American International Group Inc. may raise its stake in Asian insurer AIA Group someday and is open to offers for its airplane leasing business ILFC, but will bide its time on all these things, Chief Executive Bob...
AIG Thinking about Buying Back More of AIA
Jan 26 2012 // American International Group Chairman Steve Miller said on Thursday the bailed-out insurance company may eventually want to buy a life insurer outside the United States, including possibly a larger stake in the spun-off...
Business Moves
Jan 23 2012 // Bolton & Company, Pacific General Pasadena, Calif.-based Bolton & Company has acquired Pacific General Insurance Services, an independent insurance agency providing insurance services in the San Gabriel Valley...
AIA May Bid $6B for ING Asian Business
Jan 17 2012 // AIA Group Ltd, Asia’s No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian insurance operations of ING Groep, sources said, with the prospective sale expected...
AIA in Washington Acquired by Hub
Jan 5 2012 // The assets of Pullman, Wash.-based Associated Independent Agencies Inc. (AIA) have been acquired by Headquartered in Chicago, Ill.-based Hub International Ltd (Hub). Terms of the deal were not disclosed. The AIA operation...
Ex-AIG Unit AIA Group’s Growth Jumps in Q3 as Insurance Demand Rises
Oct 14 2011 // AIA Group Ltd, Asia’s No.3 insurer, said growth accelerated in the third quarter, with its value of new business rising 53 percent as strong performance in markets such as Malaysia helped boost earnings. The...
California Gov. Brown Vetoes, Signs Workers’ Comp Bills
Oct 11 2011 // California Gov. Brown on Friday vetoed three bills insurers said would have raised workers’ compensation costs. According to the American Insurance Association (AIA), the vetoed bills “would have unwound a key...
Senate Committee Passes Federal Flood Insurance Reform Legislation
Sep 8 2011 // As many property owners continue to recover from hurricane and tropical storms Irene and Lee and new storms form offshore, the U.S. Senate is taking steps to renew the federal flood insurance program. Today, the Senate...
AIG’s Plane Leasing Unit ILFC Files for Initial Public Offering
Sep 6 2011 // AIG’s aircraft leasing unit, International Lease Finance Corp., filed for an initial public offering Friday despite deep uncertainty in equity markets that could delay an offering until next year. ILFC Holdings Inc.,...
AIG Posts Q2 Profit on AIA Stake
Aug 5 2011 // Bailed-out insurer American International Group reported a profit for the second quarter Thursday, as tax benefits and its one-third stake in Asian insurer AIA offset a decline in operating income at its main...
Insurer Group Says More Workers’ Comp Reform Needed in Illinois
Jun 3 2011 // Illinois Gov. Pat Quinn plans to sign a major overhaul of Illinois workers’ compensation system that he said will mean “significant saving” for the state, but at least one insurance carrier trade group...
Insurer Groups Say Windstorm Issue Must be Addressed in Texas
Jun 2 2011 // The Texas Legislature, which adjourned its regular session on May 30, passed a number of bills of interest to the property and casualty insurance industry, including tort reform legislation and a measure requiring that...
