Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Expects Claims to Rise from WTC
Oct 12 2001 // AIG, the world’s largest insurer by market value, is now expecting $800 million in claims from the World Trade Center before taxes and net of reinsurance, Chairman Maurice Greenberg said in a conference...
AIG eBusiness Risk Solutions Offers New Coverage
Oct 10 2001 // AIG eBusiness Risk Solutions, a division of the American International Companies, introduced WebMerchantGuard, a new insurance coverage designed for web merchants to address their exposure to credit card fraud. Unlike...
AIG Member Companies Complete Placement of Aviation War Risk and Hijacking Liability Coverage Octob
Oct 8 2001 // American International Group Inc. (AIG) has announced that its member companies have completed the placement, on behalf of the co-insurance market, of aviation war risk and hijacking liability coverage that makes available...
AIG Completes Package for Airlines
Oct 5 2001 // American International Group Inc. has finalized a package to provide $1 billion of coverage per airline for war risk and hijacking liability. Airlines and insurers have been stunned by the Sept. 11 attacks on the United...
AIG To Offer War, Hijack Coverage to Airlines
Sep 26 2001 // American International Group announced its intention to offer coverage to airlines for war and hijacking (terrorist) risks through its member companies with total limits up to $1 billion. The decision comes in response to...
Trade Center Attack, Acquisitions, Economy to Test AIG
Sep 24 2001 // The events of Sept. 11 shook the foundations of the entire American financial community, and American International Group was no exception. Ironically, AIG had already had a very busy month. In Korea, it looked set to...
Hyundai Securities Shareholders Sue to Block Sale to AIG
Sep 18 2001 // In another challenge to its acquisition plans, minority shareholders in Hyundai Securities filed suit in a South Korean court on Monday in an effort to block the sale of 35 percent of the company and two financial...
China WTO Admission Approved After Diplomatic Compromise
Sep 17 2001 // Weary negotiators in Geneva finally put their signatures on a Treaty of more than 1000 pages setting forth the terms and conditions for China’s admission to the World Trade Organization after 15 years. The agreement...
AIG Issues Preliminary Estimate of Losses Resulting from Terrorist Attacks By Charles E. Boyle Sep
Sep 17 2001 // By Charles E. Boyle The events of Sept. 11 shook the foundations of the American financial community, and industry giant American International Group is one of many shaken by the tragedies. AIG has issued a preliminary...
China Expected to Honor Insurance Commitments for WTO Entry
Sep 17 2001 // As far as the United States is concerned, any final agreement to admit China into the World Trade Organization depends on whether the country honors its bilateral market access commitments on insurance. According to...
Hollywood and The Insurance Industry
Sep 17 2001 // Once upon a time in a country far, far away, a few visionaries (and yes, a few con artists) laid the foundations of the multi-billion dollar motion picture industry. It required taking considerable risks, and still does....
AIG, Allianz, XL and Ren Re Statements on
Sep 14 2001 // AIG CEO Maurice “Hank” Greenberg followed up his statement on Wednesday in which he said that “These attacks are an enormous human and national tragedy,” with the reassurance that “We remain...
Korean Labor Unions Attack AIG/Hyundai Deal
Sep 11 2001 // No sooner had Hyundai’s management accepted the share price demands of the American International Group/W.L. Ross investors to acquire Hyundai Securities, and two other financial subsidiaries (See IJ Website Sept....
Hyundai Accepts AIG’s Price – Deal Set to Proceed
Sep 10 2001 // The long delayed deal between Korea’s Hyundai Securities and an investment consortium headed by American International Group and W.L. Ross & Co. (See IJ Website Aug. 24 and Sept. 4) now looks set to proceed as...
Hollywood and the Insurance Industry
Sep 10 2001 // Once upon a time in a country far, far away, a few visionaries (and, yes, a few con artists) laid the foundations of the multi-billion- dollar motion picture industry. It required taking considerable risks then, and it...
WTO Sets China Entry Date Without Resolving AIG/EU Dispute
Sep 7 2001 // If all goes according to plan in Geneva China’s bid to join the World Trade Organization will be officially accepted next Thursday, September 13th, after 14 years of negotiations. Taiwan is scheduled for admission...
AIG Cuts Staff, Announces Management Changes After Am Gen Integration
Sep 6 2001 // American International Group Inc. (AIG) announced net job reductions totaling approximately 1,500 over the next 12 to 18 months. The staff cuts result from the integration of American General Corporation as a wholly owned...
Conflicting Reports on China, AIG, WTO Dispute
Sep 5 2001 // An article in today’s edition of The Asian Wall Street Journal indicates that Chinese regulators are pressuring American International Group to sell part of its lucrative life insurance subsidiary to bring its...
Report AIG, Hyundai Near Agreement
Sep 4 2001 // A report in London’s Financial Times says that the AIG Group of investors and the management of Hyundai Securities are near to a compromise aimed at breaking the impasse which has held up AIG’s acquisition of...
Talks Fail to Resolve AIG, Hyundai Impasse
Aug 30 2001 // While reports continue to come in that the investment group headed by American International Group and WL Ross are still talking with Hyundai Securities and Hyundai Merchant Marine, the Korean broker’s largest...
