Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Aon Complaint Memos Reveal Personal Lines Arrangements
Mar 21 2005 // The recent $190 million settlement between the world’s second largest insurance broker, Aon, and officials in three states sheds light on how, as New York Attorney General Eliot Spitzer and other public officials...
Best Affirms AIG’s Lloyd’s Syndicate ‘A+’ Ratings
Mar 18 2005 // A.M. Best Co. announced that it has affirmed the Best’s Syndicate Rating of “A+” (Superior) and issuer credit rating of “aa-” of Lloyd’s Syndicate 1414 with a stable outlook. Best...
A.M. Best Places AIG Ratings Under Review; Other Agencies Respond to Changes at the Top
Mar 16 2005 // A.M. Best Co. has placed the financial strength ratings of member companies of American International Group, Inc. under review with negative implications following their announcement that the chairman and CEO, Maurice...
AIG Forms One-Stop Construction Insurance Unit
Mar 15 2005 // The domestic brokerage group of the AIG Companies has created AIG Construction Solutions, a consolidated practice that will serve as the central point of contact for domestic brokers and agents placing construction...
More Spitzer/SEC Fallout: AIG’s Greenberg Out; Sullivan Named CEO; Annual Report Delayed
Mar 14 2005 // The fallout from the investigations into conflicts of interest and questionable practices in the U.S insurance business spearheaded by New York Attorney General Eliot Spitzer has reached into the board room of one of the...
WSJ Report: Officials Probing AIG CEO Greenberg’s Role in Reinsurance Products
Mar 7 2005 // Federal and state investigators are looking into a deal between American International Group Inc. and Berkshire Hathaway Inc.’s General Reinsurance unit in part because of the alleged involvement of AIG’s...
AG TO MAKE CASE AGAINST AIG IN CLASS ACTION SUIT
Mar 7 2005 // Ohio Attorney General Jim Petro announced last month that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
Municipal Workers Pension Plan Sues AIG to Alter Board Nominating Process
Feb 25 2005 // The American Federation of State, County and Municipal Employees Pension Plan has filed suit against American International Group (AIG) in U.S. District Court for the Southern District of New York seeking to alter the...
Allstate, AIG, Chubb, St. Paul/Travelers Ask Pa. Commissioner to Examine ACE Brandywine Sale
Feb 21 2005 // The law firm representing Allstate Insurance Company, American International Group Inc., Chubb & Son, and St. Paul Travelers has filed a demand, addressed to Diane Koken head of the Pennsylvania Department of...
S&P Sees “No Action” on AIG Ratings
Feb 17 2005 // Standard & Poor’s Ratings Services announced that it is taking no action on its ratings on American International Group Inc. (currently rated “AAA”/Negative/”A-1+”) following the...
Ohio AG Reports Buckeye State Appointed Lead Plaintiff in Suit Against AIG
Feb 17 2005 // Ohio Attorney General Jim Petro announced this week that three of Ohio’s public retirement systems have been appointed lead plaintiff in a securities class action lawsuit against American International Group Inc....
AIG, Marsh Execs Plead Guilty in Spitzer Probe, Bringing Total Pleas to 9; AIG Offers Response
Feb 15 2005 // New York Attorney General Eliot Spitzer said Tuesday that a senior executive at Marsh and two AIG employees have pleaded guilty to criminal charges in connection with an ongoing investigation of fraud and bid rigging in...
New York AG’s, SEC Subpoenas Target AIG ‘Non-Traditional’ Insurance
Feb 14 2005 // American International Group, Inc. acknowledged that it has received subpoenas from New York Attorney General Eliot Spitzer and the Securities and Exchange Commission “relating to investigations of non-traditional...
AIG Aviation Grows Specialty Workers’ Comp Program; Risks for Fixed Base Operators Covered
Feb 8 2005 // AIG Aviation Inc., a member company of American International Group, Inc. (AIG), is expanding its Specialty Workers’ Compensation offering to cover the risks associated with Fixed Base Operators (FBOs) at private,...
General Liability
Feb 7 2005 // Nuts & Bolts: AIG Environmental, a division of the property/casualty insurance subsidiaries of American International Group Inc. (AIG), enhanced its environmental and general liability exposures program,...
A.M. Best Upgrades Rating for The Hartford Steam Boiler Inspection and Insurance Co., Subs
Feb 1 2005 // A.M. Best Co. has upgraded the financial strength rating to A++ (Superior) from A+ (Superior) of Connecticut-based The Hartford Steam Boiler Inspection and Insurance Company (HSB) and its three group rated...
National Union Fire Insurance Co. of Pittsburgh Upgrades Professional Liability, Network Security Risks
Jan 25 2005 // National Union Fire Insurance Company of Pittsburgh, Pa., a member company of American International Group Inc. (AIG), announced the enhancement of its AIG ProTech Modular Edition for professional liability and network...
People & Places
Jan 24 2005 // Catherine Rein MetLife, Inc. has named Catherine A. Rein to the role of chief administrative officer, effective Jan. 1, 2005. Reporting to MetLife, Inc. Chairman and Chief Executive Officer Robert H. Benmosche, Rein will...
The Asian Catastrophe: An Unprecedented Event Evokes a Global Response
Jan 24 2005 // Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many...
Quanta Capital Appoints Byrne European Chief Underwriting Officer
Jan 19 2005 // Bermuda-based Quanta Capital Holdings Ltd., which provides specialty insurance, reinsurance, and risk consulting services through its subsidiaries, announced the appointment of John J. Byrne as Chief Underwriting Officer...
