Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Private Client Group Adds to Excess Flood Coverage
Oct 28 2003 // AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group, Inc. (AIG), has expanded its Excess Flood Program to 17 additional states across the country, bringing the...
AIG Subs Affirmed, Outlook Neg
Oct 20 2003 // Moody’s Investors Service confirmed the “Aaa” insurance financial strength (IFS) ratings of the eight rated members of AIG’s U.S. commercial insurance group (Domestic Brokerage Group, or DBG)....
AIG to Buy 9.9% Stake in Chinese P/C Insurer
Oct 10 2003 // American International Group plans to further expand its already extensive activities in China by Buying a 9.9 percent stake in PICC Property & Casualty Co., the country’s largest general insurer with a 70...
NJCRIB Notes Complaints on AIG Terrorist Risk Charges
Oct 9 2003 // New Jersey’s Compensation Rating and Inspection Bureau has released an advisory bulletin noting that it has “been receiving complaints from agents and insureds that the AIG companies have been applying a...
American International Technology Grows Electronic Capabilities for Auto Liability Insurance
Oct 1 2003 // American International Technology Enterprises, Inc. (doing business as AIG Technologies), a member company of American International Group, Inc. (AIG), announced that its Web-based Automobile Liability Insurance Reporting...
GE P/C Ratings Raised, Outlook Stable
Sep 22 2003 // Standard & Poor’s Ratings Services raised its financial strength ratings on GE Property & Casualty Insurance Co., GE Casualty Insurance Co., GE Auto & Home Assurance Co., and GE Indemnity Insurance Co....
Excess Flood Coverage
Sep 22 2003 // Nuts & Bolts: AIG Private Client Group, a division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced Excess Flood Coverage to support insureds in the event of...
AIG to Pay $10 Million to Settle SEC Charges
Sep 12 2003 // American International Group has agreed to pay $10 million to settle a case brought in U.S. District Court in Manhattan by the Securities and Exchange Commission. The company was accused of designing a policy for...
AIG Opens New Data Center in Fort Worth
Sep 8 2003 // American International Group Inc. (AIG) announced the opening of a new 200,000 square foot data center facility in Forth Worth, Texas, by American International Group Data Center Inc. The new center will provide data...
Excess Flood Coverage
Sep 8 2003 // Nuts & Bolts: AIG Private Client Group, a Division of the property and casualty subsidiaries of American International Group Inc. (AIG), has introduced Excess Flood Coverage to support insureds in the event of...
AIG Completes Acquisition of GE’s Japan Life and U.S. Auto Business
Aug 29 2003 // American International Group, Inc. announced that “the acquisition of the GE Edison Life Insurance Company in Japan and GE’s U.S.-based auto and home insurance business has been completed, effective...
AIG Member Cos. to Increase Investment Activity in Russia
Jul 30 2003 // American International Group Inc. announced the creation of a cooperative joint venture with the Interros Holding Company (Interros) of Moscow. The joint venture permits AIG companies and Interros to bring together their...
New AIG Construction Specialty to Focus on Builder & Contractors
Jul 21 2003 // Responding to the lack of availability in the construction market, AIG Excess Casualty recently introduced a new excess casualty practice for builders and contractors, AIG Construction Specialty. AIG Construction Specialty...
AIG Postpones N.J. Withdrawal Plan in Response to Auto Reforms
Jul 16 2003 // New Jersey Banking and Insurance Commissioner Holly Bakke announced a broad-ranging agreement recently to protect consumer access to automobile insurance in New Jersey, in which subsidiaries of American International Group...
Schmalzriedt Appointed Chairman and CEO of ACE Overseas General
Jul 16 2003 // ACE Limited announced the appointment of Gary Schmalzriedt, currently president and CEO of ACE European Group, to the position of chairman and CEO of ACE Overseas General. In addition, Ed Clancy, currently president of...
Insurance Hall of Fame to Induct AIG’s Edmund Tse, Grupo Nacional’s Clemente Cabello
Jul 8 2003 // Edmund Tse, Senior Vice Chairman and Co-Chief Operating Officer of American International Group, and Clemente Cabello, CEO of Mexico’s Grupo Nacional have been named to the prestigious Insurance Hall of Fame by the...
AIG’s Greenberg to Hold Conference Call Today on GE Japan Life Deal
Jul 1 2003 // American International Group announced that Chairman M. R. Greenberg will hold a conference call on Tuesday, July 1, 2003 at 10:00 am EDT to discuss AIG’s agreement to acquire the GE Japan Life Insurance business and...
Report Lawsuit Filed in L.A. by Investment Bank Against Lloyd’s, AIG
Jul 1 2003 // Jefferies & Company, an investment bank, has reportedly filed suit in L.A. Superior Court against Lloyd’s and American International Group for refusing to pay legal defense costs under D&O policies issued...
Report ZFS May Sell Japanese Operations to AIG
Jun 23 2003 // Zurich Financial Services is reportedly considering the sale of its personal lines Japanese life and P/C operations to American International Group for around 20 billion yen ($169 million). An article, which originally...
Leaders Bullish On Tort Reform, But Not Asbestos Cap
Jun 23 2003 // NEW YORK — Prominent insurance leaders were bullish on the prospects for improved industry performance and for tort system reform here earlier this month, but not so with respect to a federal initiative to cap soaring...
