Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Donates $300,000 to Peru Disaster Relief Fund
Sep 19 2007 // American International Group has donated $300,000 to its Disaster Relief Fund (DRF) to help CHF International bring relief to earthquake-affected Peruvians, as they rebuild and recover from the 7.9 magnitude quake that...
AIG Executive Liability Introduces Not-for-Profit Risks Package
Sep 12 2007 // AIG Executive Liability, a division of the property-casualty insurance subsidiaries of American International Group, Inc. (AIG), is now offering Not-for-Profit Risk Protector, a modular package of management liability...
AIG Rebrands National Union’s D&O, E&O, EPL as AIG Executive Liability
Sep 7 2007 // The AIG Companies will begin marketing its directors and officers (D&O), errors and omissions (E&O), employment practices (EPL), fiduciary (PTL) and fidelity liability insurance and services under the new AIG...
Best Downgrades Lloyd’s Syndicate 1414 Ratings
Sep 4 2007 // A.M. Best Co. has downgraded the its Syndicate Rating to “A” (Excellent) from “A+” (Superior) and the issuer credit rating (ICR) to “a+” from “aa-” of Lloyd’s Syndicate...
Ohio sues Marsh, AIG, Ace, Chubb, Hartford for anti-trust violations
Sep 3 2007 // Following a three year long investigation by his office and the Ohio Department of Insurance, Attorney General Marc Dann has filed suit against the world’s largest insurance broker, Marsh & McLennan and four of...
Ohio Sues Marsh, AIG, Ace, Chubb, Hartford for Anti-trust Violations
Aug 28 2007 // Following a three year long investigation by his office and the Ohio Department of Insurance, Attorney General Marc Dann has filed suit against the world’s largest insurance broker, Marsh & McLennan, and four of...
Rating Roundup: WUBA
Aug 16 2007 // A.M. Best Co. has commented that the financial strength rating of “B++” (Good) and the issuer credit rating of “bbb” of Germany’s Wurttembergische und Badische Versicherungs-AG (WUBA) remain...
AIG Reassures Investors About Subprime Mortgage Loan Exposure
Aug 13 2007 // Insurance giant American International Group last week told investors the housing market would have to spiral to Depression-era levels before it would be harmed by its exposure to the residential mortgage market. The...
AIG to Acquire German Insurer, Wuba
Aug 10 2007 // American International Group, Inc. (AIG) reports it is stepping up its presence in the German insurance market by acquiring a German insurer that offers coverage for small and medium firms. A subsidiary of AIG is acquiring...
For 2Q, AIG Profit Jumps 34%
Aug 8 2007 // American International Group, Inc. reports that its net income for the second quarter of 2007 was $4.28 billion or $1.64 per diluted share, compared to $3.19 billion or $1.21 per diluted share in the second quarter of...
Minn. groups sue AIG for $100 million in damages for fraud, violations
Aug 6 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA) filed suit on July 17, 2007, against American International Group Inc....
News Currents
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violations The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA)...
Business Moves
Aug 6 2007 // Synercon Insurance Holdings In Nashville, Tenn., two insurance industry veterans have formed Synercon Insurance Holdings, a venture that will acquire and link leading independent insurance agencies. David D. Haynes,...
News Currents
Aug 6 2007 // Minn. groups sue AIG for $100 million in damages for fraud, violations The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compen-sation Insurers Association (MWCIA)...
AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China
Jul 25 2007 // American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its...
News Currents
Jul 23 2007 // Oregon fines nine AIG companies $5 million The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of...
Minn. Groups Sue AIG for $100 Million in Damages for Fraud, RICO Violations
Jul 19 2007 // The Minnesota Workers’ Compensation Reinsurance Association (WCRA) and the Minnesota Workers’ Compensation Insurers Association (MWCIA) filed suit Tuesday (July 17) against American International Group Inc....
Oregon Fines Nine AIG Companies $5 Million
Jul 6 2007 // The Oregon Department of Consumer and Business Services (DCBS) has imposed a $5 million fine on nine insurers in the American International Group (AIG) for numerous violations of Oregon insurance and workers’...
Greenberg Suit Takes Aim at AIG for ‘Hundreds of Millions’ Earned from Starr
Jun 27 2007 // The legal battle between American International Group and Maurice “Hank” Greenberg, AIG’s former chairman and chief executive officer who now heads C.V Starr & Co., Inc., has heated up with the...
AIG Among Winners in Blackstone Group’s Giant IPO
Jun 25 2007 // Blackstone Group LP’s shares jumped more than 13 percent last Friday on the New York Stock Exchange, after the buyout powerhouse raised $4.1 billion in its initial public offering. The highly-anticipated IPO, which...
