Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
Kansas Collects $410,598 in Taxes from American International Group Inc.
Mar 9 2006 // Kansas Insurance Commissioner Sandy Praeger in a written statement said that Kansas is the recipient of back taxes and interest in the amount of $410,598 from one of the largest insurance groups in the United States,...
Wethington Named Chairman of AIG Companies in China
Mar 7 2006 // American International Group Inc. (AIG) reported that Olin Wethington, former special envoy on China, U.S. Department of the Treasury, has joined AIG as chairman of AIG Companies in China, a new position. In this capacity,...
AIG severs ties with C.V. Starr; expands global energy unit, forms new unit
Mar 6 2006 // American International Group Inc. announced that its AIG Companies terminated the agency relationship with Starr Technical Risks Agency Inc. and its subsidiaries (Starr Tech), insurance agencies owned by C.V. Starr &...
Former Gen Re, AIG execs plead not guilty to reinsurance fraud charges
Mar 6 2006 // As a federal probe into the insurance industry widens, four former top executives of giants General Re and American International Group are pleading not guilty to fraud and conspiracy charges. The Justice Department has...
AIG Settles with Michigan for More than $5.2 Million
Mar 3 2006 // Attorney General Mike Cox reported Friday 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...
Greenberg’s Starr Agency to Offer ACE and Berkshire Hathaway Products
Feb 28 2006 // Expanding its servicing capabilities for new and existing clients, Starr Technical Risks Agency, Inc. announced that it will begin immediately to offer commercial insurance coverages by ACE USA and Berkshire Hathaway...
AIG Auto Insurance Lowers Rates for Policyholders in Nevada
Feb 27 2006 // AIG Auto Insurance has announced it would lower auto insurance costs for thousands of policyholders in Nevada. The company is implementing a 5 percent rate decrease in Nevada, lowering auto insurance costs on thousands of...
AIG Forms Specialty Excess Unit to Handle C.V. Starr, Other Business
Feb 27 2006 // The AIG Companies have formed AIG Specialty Excess, an umbrella and excess casualty underwriting unit that the company says will concentrate on insuring specialty and difficult-to-place classes of business including...
