Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG ON THE MOVE
Feb 26 2001 // AIG gave further evidence of its confidence in Japan’s economy on Feb. 6, with the announcement that the U.S. giant had agreed to acquire a 7.3-percent stake in H.I.S. Securities Co. Ltd. for $2.61 million. While...
AIG Bails Out Chiyoda Life; Taisho Life Also Rescued
Feb 23 2001 // AIG plans to inject $513.5 million in capital into failed Chiyoda Mutual Life Insurance Co, sponsoring a revival plan for Japan’s 12th largest life insurer. “As a result, AIG will significantly expand its...
AIG Looking For Acquisitions
Feb 13 2001 // American International Group is on the lookout for acquisitions both in the United States and overseas, according to a statement made by Chairman Maurice Greenberg during a meeting with analysts and money managers that...
AIG Profits Up; Life, Overseas Units Grow
Feb 9 2001 // American International Group Inc. saw quarterly operating profits rise 16 percent during the fourth quarter, matching Wall Street forecasts as earnings from worldwide life and overseas general insurance operations...
AIG Names Holbrooke, Zarb to Board
Feb 8 2001 // American International Group has named Richard Holbrooke, former U.S. ambassador to the United Nations, and Frank Zarb, Nasdaq stock market Chairman, to its board of directors. “They are two outstanding individuals...
AIG To Acquire 7.3 Percent Stake In Japanese Stockbroker
Feb 7 2001 // AIG gave further evidence of its confidence in Japan’s economy on Tuesday, with the announcement that the U.S. giant had agreed to acquire a 7.3 percent stake in H.I.S. Securities Co. Ltd. for 300 million yen ($2.61...
AIG Offers Kroll Personal Security Services to Private Clients
Feb 6 2001 // AIG announced that it was expanding its working relationship with Kroll Associates, the international security firm, and that its Private Client group would offer the firm’s “personal security services to high...
AIG Takeover of Chiyoda Delayed As Administrators Consider Rival Bids
Feb 5 2001 // Japanese newspaper reports that AIG was in the final stages of taking over failed insurer Chiyoda Mutual Life appear to have been a bit premature, as administrators for the company announced that they would hold talks with...
AIG Takeover of Chiyoda Delayed As Administrators Consider Rival Bids
Feb 5 2001 // Japanese newspaper reports that AIG was in the final stages of taking over failed insurer Chiyoda Mutual Life appear to have been a bit premature, as administrators for the company announced that they would hold talks with...
AIG Reaffirms Chiyoda, Hyundai Deals
Feb 1 2001 // AIG CEO Maurice Greenberg reaffirmed his company’s commitment to put together a rescue plan for Chiyoda Mutual Life, the failed Japanese insurer which has been in talks with AIG since October. At the same time a...
AIG Indian Joint Venture License Approved
Jan 24 2001 // American International Group announced that it has received approval from the Indian Insurance Regulatory and Development Authority to establish a joint venture with the Tata Group “to market commercial and personal...
AIG Excess Casualty Division Introduces Online Umbrella Tool
Jan 9 2001 // American International Group division AIG Excess Casualty has introduced AIG e-Excess, a new web-based system providing eligible brokers with the ability to receive quote and bind select commercial umbrella coverages...
Chiyoda, Kyoei Liabilities Threaten AIG, Prudential Acquisitions
Dec 29 2000 // New revelations of the parlous financial condition of two Japanese Life Companies, Chiyoda and Kyoei, both of whom have filed for bankruptcy protection, puts into question the previously announced plans of American...
AIG Signs Cooperation Pact With Chinese Insurer
Dec 22 2000 // American International Group has formed a strategic alliance with Pingan Insurance Company of China, that provides for each company to use the other’s sales and service network. AIG will use Pingan’s facilities...
AIG Joins ACORD
Dec 11 2000 // Nonprofit standards developer ACORD just got a big boost with the addition of international insurance giant American International Group Inc. AIG is the largest underwriter of commercial and industrial insurance in the...
AIG Ukraine Gets SP Triple ‘A’ Rating
Dec 8 2000 // AIG Ukraine Insurance Co., a wholly owned subsidiary of American International Group has received a triple ‘A’ financial strength rating from Standard & Poor’s following an extensive and voluntary...
AIG Ranks No. 1 in Financial Sector Capitalization
Dec 4 2000 // American International Group has taken the No.1 spot in the financial sector in terms of market capitalization with a market value of $217 billion. Its shares have been trading in the $90 to $100 dollar range, and have...
Connecticut DOI Approves Acquisition of HSB by AIG
Nov 22 2000 // HSB Group Inc. announced that yesterday the Connecticut State Insurance Department approved the acquisition by American International Group Inc. of The Hartford Steam Boiler Inspection and Insurance Company and The...
AIG Private Client Group Establishes Four Zonal Offices
Nov 17 2000 // AIG Private Client Group, a division of the American International Companies that provides customized risk management solutions and services for high net worth individuals, established four regional offices with local...
AIG Confirms Purchase of Egyptian Insurer
Nov 15 2000 // AIG confirmed that it has purchased a 90 percent interest in Egyptian p/c insurer Pharaonic Insurance Company S.A.E., which writes general insurance and reinsurance coverage in the Egyptian market. The company’s...
