Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
S&P’s Report Examines Insurers’ Recent D&O Woes
Feb 27 2003 // Reportedly barring a divine mission to overhaul human nature, corporate folly and wrongdoing will remain a fact of life, but the toll on insurers has intensified sharply, according to a report just published by Standard...
Donald Trump and AIG – A Parting of the Ways
Feb 27 2003 // American International Group’s Chairman Maurice “Hank” Greenberg appeared to confirm earlier reports that the company will not be renewing insurance coverage on the properties of New York’s...
AIG Forms New Unit to Coordinate Global Risk Management, Captive Capabilities
Feb 25 2003 // American International Group, Inc. (AIG) announced the formation of AIG Global Risk Management, established to consolidate the global risk management and captive capabilities of the AIG companies. Charles Dangelo,...
AIG Shocks the Industry with $1.8 Billion After-tax Reserve Strengthening
Feb 24 2003 // Neither the insurance industry nor the stock market was prepared for the announcement made by American International Group recently, that it would “incur a net, after tax charge of $1.8 billion in the fourth quarter...
AIG Shocks Industry with $1.8 Billion After-Tax Reserve Strengthening
Feb 24 2003 // Neither the insurance industry nor the stock market was prepared for the announcement made by American International Group on Feb. 3, that it would “incur a net, after tax charge of $1.8 billion in the fourth quarter...
AIG Reports It Will Add to General Loss Reserves
Feb 4 2003 // American International Group, Inc. (AIG) announced that it will incur a net, after tax charge of $1.8 billion in the fourth quarter of 2002 related to an increase of general insurance net loss and loss adjustment reserves....
A.M. Best Affirms Ratings for AIG’s Domestic Commercial P/C Companies
Feb 4 2003 // A.M. Best Co. has affirmed the financial strength ratings of A++ (Superior) relating to the American International Group (AIG) (New York), which comprises the domestic commercial property/casualty companies. The rating...
Greenberg Says AIG has No Major Problem with Asbestos
Jan 28 2003 // Maurice Greenberg, chief executive of American International Group Inc. remarked Tuesday that the insurer did not have a major problem with asbestos, and that his successor would be promoted from within the company,...
Surviving Today’s Changing Marketplace: Peak Performance Conf. Set for Jan. 30 – Feb. 2
Jan 9 2003 // Nestled amidst the snow-capped peaks surrounding Colorado’s Copper Mountain Resort, a select group of insurance professionals will gather Jan. 30 – Feb. 2 to develop the strategy and means to generate higher...
AIG To Establish Life Insurance Company in Ukraine
Jan 7 2003 // American Life Insurance Company (ALICO), a subsidiary of American International Group, has received a license from the Ministry of Finance to operate a wholly owned life insurance company in Ukraine. The operation will be...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
Grabbing the Headlines in 2002
Dec 16 2002 // Who made the most “news” as opposed to the most “noise” in 2002? There were lots of candidates, but the ones we’ve selected usually made news because they faced problems or took initiatives...
They Did It Their Way
Dec 16 2002 // When you’re compiling a list of top 10’s, there is always the fear of leaving someone off, admitting someone who maybe does not deserve the billing or having the players out of order of importance. Believe me,...
Settlement between AIG, WorldCom Approved by Judge
Nov 27 2002 // A federal judge has approved an insurance settlement between bankrupt telecommunications company WorldCom Inc. and National Union Fire Insurance Company, a unit of AIG. According to Dow Jones, the approval was reached days...
AIG’s American International Companies Unveils Workplace Violence Insurance
Nov 15 2002 // American International Group, Inc. (AIG) announced that the American International Companies have introduced Workplace Assurance(SM), an insurance coverage for the financial loss associated with incidents of violence in...
AIG Fund Buys 25% of Indian Coffee Co.
Nov 8 2002 // AIG may not qualify as an international conglomerate quite yet, but if it continues the way it’s going some day it just might. A report from Bangalore, India notes that a $750 million private equity fund run by AIG...
Independent Directors Liability
Nov 4 2002 // Nuts & Bolts: American International Group Inc. (AIG) unveiled Independent Directors Liability Insurance, a standalone policy designed to protect the personal assets of independent directors in case corporate...
AIG Unit Offers Mold Protection Program to Eastern Schools
Oct 30 2002 // The Hartford Steam Boiler Inspection and Insurance Company, a unit of American International Group, announced it would offer a mold protection program to help clients prevent and manage risks stemming from mold growth. The...
Hartville Group Acquires Pet Insurance Policies Previously Underwritten by AIG
Oct 23 2002 // Ohio’s Hartville Group, Inc. announced that its pet insurance marketing subsidiary and provider of the Company’s Petshealth Care Plans has entered into an agreement to acquire Pet Insurance policies formerly...
AIG, K&K Insurance Group Form Partnership
Oct 23 2002 // AIG and K&K Insurance Group have formed a partnership to write sports, leisure and entertainment business nationwide. The $100 million program business is written through both admitted and non-admitted...
