Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Adopts Policy on Climate Change
May 17 2006 // American International Group has joined the ranks of major insurers committed to doing something about the increased risks the industry faces due to climate change. In a newly issued statement, the company said it...
AIG Reports 1st Quarter Net Income of $3.2 Billion
May 11 2006 // American International Group, Inc. (AIG) has reported that its net income for the first quarter 2006 was $3.20 billion or $1.22 per diluted share, compared to $3.80 billion or $1.45 per diluted share in the first quarter...
People and Places
May 8 2006 // Rick Padula has been appointed president and chief operating officer of the Glover-Padula Insurance Agency in East Greenwich, R.I., which is one of Gencorp Insurance Group’s business units. Padula has been with...
People
May 8 2006 // Rick Padula has been appointed president and chief operating officer of the Glover-Padula Insurance Agency in East Greenwich, R.I., which is one of Gencorp Insurance Group’s business units. Padula has been with...
AIG to Sell Most of IPC Stake
Apr 21 2006 // Bermuda-based IPC Holdings, Ltd. announced that AIG has given notice that it intends to exercise its demand registration rights to register for sale up to 15.397 million of the IPC common shares it owns (24.2 percent of...
Keogh to Succeed Schmalzriedt as Head of ACE Overseas General
Apr 18 2006 // The ACE Group of Companies announced the retirement of Gary Schmalzriedt as CEO of ACE Overseas General, the company’s international property and casualty insurance organization, and the appointment of John Keogh,...
Doyle Named CEO at National Union; Maleno Advanced at American Home
Apr 17 2006 // American International Group, Inc. announced that John Q. Doyle, president of American Home Assurance Company, has also been named AIG senior vice president for domestic general insurance and president and chief executive...
AIG Names Jacobs Tax Director
Apr 14 2006 // American International Group, Inc. has named Philip M. Jacobs as vice president and director of taxes. Jacobs succeeds Peter K. Lathrop, who is retiring. Jacobs, who will join the company in July, will report to Steven J....
Fitch Removes AIG and Subsidiaries from Negative Watch
Apr 11 2006 // Fitch Ratings has affirmed and removed from its Rating Watch Negative all of its ratings on American International Group, Inc. (AIG) and subsidiaries. Fitch originally placed AIG on Rating Watch Negative in March 2005. In...
AIG in $100 Million Deal to Sponsor Manchester United
Apr 7 2006 // Players for Manchester United, the U.K.’s legendary football (soccer) club, will be sporting AIG logos on their shirts for the next four years. Man United’s chief executive David Gill announced yesterday, April...
NASD Fines AIG Affiliate American General Securities $1.1 Million
Apr 5 2006 // NASD, the securities industry’s private sector regulator, has fined American General Securities, Inc. (AGSI), a member company of American International Group, Inc. (AIG) located in Houston, more than $1.1 million in...
AIG American General Launches New Employee Benefits Group
Apr 4 2006 // AIG American General has opened a new operational group, AIG Employee Benefit Solutions, to address the needs of the employee benefits market. The new organization is the result of the recent integration of the Group...
Business Moves
Apr 3 2006 // Shareholders of Lincoln National Corp. approved its $7.5 billion acquisition of rival Jefferson-Pilot Corp. The combined company, with 2004 revenue of $9.5 billion, will be headquartered in Philadelphia. Eastern buys...
New Markets
Apr 3 2006 // New Markets Management, Professional Liability Nuts & Bolts: National Union Fire Insurance Co. of Pittsburgh, a member company of American International Group Inc., has released AIG ePro, a Web-based system allowing...
AIG’s Lexington Planning on Repeat of 2004, Not 2005
Mar 29 2006 // Mindful of the increased hurricane activity and rising coastal values, Lexington Insurance Group, the largest U.S.-based surplus insurance company, said it is assuming this year will look more like 2004 than 2005 as it...
AIG Global Energy New Appointments
Mar 23 2006 // AIG Global Energy, a division of the property and casualty insurance subsidiaries of American International Group, Inc., announced that it has named Thomas Morelli President of the AIG Global Energy Casualty division and...
AIG Acquires Travel Guard
Mar 20 2006 // American International Group Inc. (AIG) announced that a wholly-owned subsidiary company is acquiring Travel Guard International, a national provider of travel insurance programs and emergency travel assistance, from the...
People and Places
Mar 20 2006 // Lloyd’s of London has selected an insurance outsider, Richard Ward, former head of the London-based International Petroleum Exchange, as its new chief executive officer. He spent six years as CEO of IPE, which has...
AIG settles with Michigan for more than $5.2 million
Mar 20 2006 // Attorney General Mike Cox reported that American International Group Inc. and its subsidiaries (AIG) have paid more than $5.2 million to the state of Michigan, representing the underpayment, with interest, of...
AIG Issues 2005 Annual Report; Net Income for Year was $10.48B
Mar 16 2006 // American International Group Inc. (AIG) has filed its Annual Report on Form 10-K for the year ended Dec. 31, 2005 with the Securities and Exchange Commission. Net income for the full year 2005 was $10.48 billion or $3.99...
