Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
AIG, C.V. STARR
Jul 24 2006 // American International Group Inc. is sparring again with its former chairman, Maurice “Hank” Greenberg. The company is canceling its agency arrangement with the American International Marine Agency, a...
People and Places
Jul 24 2006 // Colemont Insurance Brokers has promoted Elizabeth Dalla-Valle assistant vice president of its Atlanta office. She has experience both as an underwriter and as a wholesaler. Dalla-Valle joined Colemont in 2001. She has more...
Business Moves
Jul 24 2006 // HRH, Thilman & Filippini Insurance broker Hilb Rogal & Hobbs Co. agreed to buy substantial assets of Thilman & Filippini, L.L.C., a Chicago-based insurance agency and brokerage firm with 2005 gross revenues...
AIG to Split from C.V. Starr to Create Own Marine Division
Jul 5 2006 // American International Group Inc., one of the nation’s largest insurers, is sparring again with its former chairman, Maurice “Hank” Greenberg. AIG announced that it is canceling its “agency...
News Briefs
Jul 4 2006 // EU Leaders Fiddle While Europe Burns: The crisis in the European Union, provoked when French and Dutch voters rejected the EU Constitution, is being largely ignored by Europe’s leaders. Instead of a bit of...
Target Markets Mid-Year Meeting
Jul 4 2006 // Program administrators, painfully aware how difficult it can be to get insurance companies to sign on, improve their chances of program success when they tell the complete story of their operations and history, including...
The right time to begin
Jul 4 2006 // Nearly five years ago, a group of program specialists gathered in Tempe, Ariz., for the first summit meeting of a budding industry organization called the Target Markets Program Administrators Association. The brainchild...
Mucerino to Head New AIG Global Marine and Energy Division
Jun 30 2006 // American International Group, Inc. announced that it has established AIG Global Marine and Energy, a new division of the AIG property and casualty insurance subsidiaries. “The unit will service the insurance, risk...
Galioto Named East Senior Executive for AIG
Jun 23 2006 // American International Group, Inc. (AIG) has named Anthony J. Galioto to the position of AIG Companie’ senior executive – East. Based in Atlanta, Galioto succeeds David M. Hupp, who was recently elected...
AIG Says Computer Theft in Midwest Contains Personal Info of Thousands
Jun 20 2006 // A theft of computer equipment containing personal information about 970,000 individuals was recently confirmed by American International Group Inc., (AIG). The theft took place on March 31st at one of AIG’s Medical...
Lexington Introduces New Warehouse Legal Liability Policy
Jun 13 2006 // Lexington Insurance Company, a member company of American International Group, Inc. (AIG), has introduced Warehouse Legal Liability insurance, a new policy providing coverage for the warehousing, trucking and logistics...
AIG Gives $1 Million to Indonesian Earthquake Relief
Jun 7 2006 // American International Group, Inc. is donating $1 million to support relief efforts in the areas affected by the May 27 earthquake in Indonesia. President and CEO Martin J. Sullivan explained: “The earthquake in...
Business Moves
Jun 5 2006 // General Motors, Shanghai General Motors Corp. received approval to open an office in Shanghai as a step toward beginning insurance operations in China. Detroit-based GM said that Motors Insurance Corp., part of the...
AIG Subsidiary Launches Multi-Line Education Insurance Program
Jun 2 2006 // AI Risk, a member company of American International Group Inc. (AIG), has launched AI Risk Education Program, a multi-line property and casualty program for private primary schools, colleges and universities. The AI Risk...
AIG Receives China Group Sale License
May 29 2006 // American International Assurance Company, Limited (AIA), a subsidiary of American International Group, has received approvals from the China Insurance Regulatory Commission (CIRC) to conduct group insurance business...
Transatlantic Elects AIG’s Sullivan Chairman; Mayer Joins Board; Other Officers Named
May 26 2006 // The Board of Directors of Transatlantic Holdings, Inc. elected Martin J. Sullivan as its non-executive Chairman at a regularly scheduled meeting. Sullivan is the President and CEO of American International Group, which...
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...
