Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
New Markets
Dec 23 2007 // The following markets were selected from the MyNewMarkets database of 25,000 coverages and programs. To find additional markets, or to submit markets, go to www.MyNewMarkets.com. Small Residential General Contractors Nuts...
Ratings Recap: London General, AIG Global Trade, Kiln, PartnerRe (Europe), New Technology, Radian (Europe), Allied World
Dec 17 2007 // A.M. Best Co. has affirmed the financial strength ratings of ‘A-‘ (Excellent) and issuer credit ratings of “a-” of London General Insurance Company Limited (LGI) and London General Life Company...
S&P Affirms AIG’s ‘AA’ Ratings; Asia Unit Upgraded to ‘AA+’; Outlook Stable
Dec 13 2007 // Standard & Poor’s Ratings Services gave the American International Group a vote of confidence as it affirmed AIG’s ‘AA’ long-term counterparty rating and its ‘AA+’ counterparty...
AIG’s Lexington Insurance Adds Social Services Practice
Dec 12 2007 // Lexington Insurance Co. has formed AIG Human & Social Services Risk Solutions, a new industry practice to provide insurance and risk management products to the social services sector. The new industry practice serves...
AIG’s Glaser Named Marsh CEO
Dec 3 2007 // Marsh & McLennan Companies, Inc. has named Daniel S. Glaser, an AIG executive who began his career as a Marsh broker, as chairman and chief executive officer of its insurance broker, Marsh Inc. Glaser currently serves...
Baugh to Replace Glaser at AIG UK; Portalatin, Hernandez Move Up
Dec 3 2007 // Following the departure of Daniel Glaser to Head Marsh (See related article), American International Group announced the promotion of three executives in its Foreign General insurance operations. Alexander R. Baugh will...
IIF Insurance Committee To Be Chaired by Execs from AIG, ING, Zurich
Nov 20 2007 // The Institute of International Finance based in Washington, D.C., is establishing a Committee on International Insurance Regulatory Issues headed by industry leaders to support the development of global industry...
AIG 3d Quarter Profit Down 27%; Vows Mortgage Exposure Under Control
Nov 8 2007 // Troubled residential mortgage and credit markets hurt American International Group Inc.’s third-quarter profit. Net income fell 27 percent compared to the third quarter last year. The giant insurer reported losses in...
Ironshore Hires 3 Key Executives for Professional Liability Unit IronPro
Nov 7 2007 // Three industry executives, including two from AIG, have joined IronPro, the professional liability facility of Bermuda’s Ironshore, Inc. Tom Leahy joins as senior vice president of Underwriting and will manage the...
Greenberg Takes Aim at His Former Company, AIG
Nov 5 2007 // Maurice “Hank” Greenberg, the former chief executive officer of American International Group Inc. who remains a big AIG shareholder, believes there are “opportunities to significantly improve AIG’s...
Business Moves
Nov 4 2007 // AmWINS, London American General AmWINS Group Inc., a national wholesale insurance broker based in Charlotte, N.C., reports it has acquired London American General Agency Inc. Based in San Diego, Calif., London American is...
Ratings Roundup: Doctors Company, Old Republic Financial, 21st Century
Oct 31 2007 // A.M. Best Co. has commented that the financial strength rating (FSR) of ‘A-‘ (Excellent) and the issuer credit ratings (ICR) of “a-” of California-based The Doctors Company Insurance Group (TDCG)...
AIG Opens Trucking Unit
Oct 22 2007 // AIG Cos. launched a new unit dedicated to providing insurance solutions for the U.S. trucking market. AIG Transportation Solutions, to be headed by Lentz Merisier, director of Transportation Solutions, will provide a broad...
AIG’s Willett To Manage Boston Office for Aon Risk Services
Oct 19 2007 // Aon Risk Services, the retail brokerage and risk management arm of Aon Corp. , announced that John G. Willett has joined the company’s Boston office as managing director. He is a member of the leadership team and...
Ratings Recap: Euler Hermes, Ascot, Tokio Marine Retakaful, Toa Re
Oct 4 2007 // Standard & Poor’s Ratings Services has raised its long-term counterparty and insurer financial strength ratings on U.K.-based surety insurer Euler Hermes Guarantee PLC to ‘AA-‘ from ‘A’...
21st Century is Now aigdirect; AIG Names Leaders; Announces Layoffs
Sep 27 2007 // American International Group, Inc. reports it has completed the previously announced merger of a wholly owned subsidiary of AIG with 21st Century Insurance Group. Upon consummation of the merger, AIG acquired the 39.3...
AIG Introduces Coverage for Political Campaign Committees
Sep 26 2007 // AI Risk Specialists Insurance Inc. (AI Risk), a wholly owned brokerage subsidiary of American International Group Inc. (AIG), introduced LexElect, a multi-line insurance program designed specifically to address risks faced...
Business Moves
Sep 24 2007 // HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in...
AIG Introduces Coverage for Global E&O Liability Needs
Sep 24 2007 // The AIG Cos. introduced a service called AIG Passport for multinational companies’ errors and omissions (E&O) liability insurance to facilitate purchasing locally admitted E&O coverage to cover their...
Two Adjusters Allege AIG Violated Federal Overtime Rule
Sep 19 2007 // Two insurance adjusters employed by giant insurer American International Group say they have filed a collective action under the Federal Fair Labor Standards Act asserting that AIG intentionally misclassified hundreds of...
