Latest AIG Headlines

Former General Re and AIG Execs Indicted for Alleged Reinsurance Fraud

Sep 21 2006 // Four former senior executives of Berkshire Hathaway’s General Re Corp. and a former senior executive of American International Group Inc. were indicted Wednesday on charges they participated in a scheme to manipulate...

AIG Taps Former Citigroup, Travelers Exec Willumstad as Chairman

Sep 20 2006 // American International Group, Inc. (AIG) named a former Citigroup president and chef operating officer, Robert B. Willumstad, as chairman, effective Nov. 1, 2006. He succeeds Frank G. Zarb, who has served as interim...

AOL to Offer AIG’s ID Theft, Computer Coverage to Subscribers for Free

Sep 13 2006 // Free insurance coverage for identity theft and computer damage is among the premium security offerings AOL is making available to its dwindling base of paying subscribers. The move follows last month’s decision to...

U.K.’ s BCC, AIG Team up to Offer Small Business Solutions

Sep 8 2006 // The British Chambers of Commerce (BCC) has teamed up with AIG Europe (UK) Limited to provide small and mediums sized businesses (SMEs) with tailored insurance solutions and advice on business risk management. “Recent...

Some Charges in Spitzer Case Against AIG’s Greenberg, Smith Dropped; Others Remain

Sep 6 2006 // New York Attorney General Eliot Spitzer has dropped what lawyers for Maurice “Hank” Greenberg and Howard Smith, former executives of American International Group, say are the “most explosive and...

AIG Launches New Service to Facilitate Purchase of Global D&O Coverage

Sep 5 2006 // The AIG Companies have introduced AIG Passport, an enhanced service process for corporate clients purchasing locally admitted directors and officers liability insurance to cover their international operations and...

People and Places

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

Warren is a 20-year insurance industry veteran. She originally joined Beecher Carlson in March 2005 as senior vice presi

Sep 4 2006 // People American International Group, Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a temporary basis since year-end 2005, and...

People

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

Sep 4 2006 // People RISC, based in Dallas, promoted Beth Winstead to senior vice president in its Brokerage Department. Winstead joined RISC in 1997 as a casualty broker and has been one of its most consistent performers since that...

Business Moves

Sep 4 2006 // Progressive Drive, Homesite Drive Insurance from Progressive, a writer of auto insurance through independent agents and brokers in the United States, signed a joint marketing agreement with Homesite Insurance Group, a...

People and Places

Sep 4 2006 // American International Group Inc. named Nicholas J. Ashooh as senior vice president of communications. Ashooh succeeds John T. Wooster Jr. who had filled that role on a temporary basis since year-end 2005, and earlier had...

People

Sep 4 2006 // SeibertKeck Insurance Agency Inc., based in northeast Akron, Ohio, has announced the appointment of Craig A. Hassinger to the position of president of the organization. He will report to Chairman and CEO Richard...

AIG’s Lexington Completes Quota Share Sidecar Deal with Concord Re

Sep 1 2006 // American International Group announced that the newly formed Concord Re Limited, a “sidecar” reinsurer, and AIG’s subsidiary, Lexington Insurance Company, have entered into a quota share reinsurance...

N.Y. AIG Sponsors ‘Goals for Kids’ Program

Aug 18 2006 // American International Group, Inc. (AIG), the principal sponsor of Manchester United Football Club, today announced the launch of the “AIG Goals for Kids” program. For each goal that Manchester United scores...

AIG Names N. Y. Senior Vice President, Communications

Aug 16 2006 // The American International Group, Inc. (AIG) today announced that Nicholas J. Ashooh will join AIG in September as senior vice president, Communications. Ashooh succeeds John T. Wooster, Jr. who had filled that role on a...

AIG Sets IPC Offering at $27

Aug 11 2006 // American International Group and IPC Holdings, Ltd. announced that AIG has agreed to sell 13.397 million IPC common shares at $27 per share in an underwritten public offering (See IJ Website Aug. 9). The transaction is...

AIG to Sell its Stake in IPC

Aug 9 2006 // In a joint announcement American International Group and IPC Holdings, Ltd. said AIG “is commencing an underwritten public offering to sell 13.397 million IPC common shares.” As of March 6, 2006, AIG owned...

AIG Reports 29% Decline in 2d Quarter Net Income

Aug 9 2006 // Second quarter income for American International Group, Inc. (AIG) dropped 29 percent to $3.19 billion or $1.21 per diluted share, compared to $4.49 billion or $1.71 per diluted share in the second quarter of 2005. Second...

Banque AIG Appoints Dusek as Executive Director

Jul 25 2006 // Banque AIG, a wholly-owned subsidiary of American International Group, Inc., has hired Tomas Dusek as an executive director in its European marketing group. Dusek will focus on developing business opportunities in Central...