Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG Seeks $2 Billion in Case Against Life Settlements Firm
Oct 27 2015 // An American International Group Inc. unit told a U.S. judge on Monday that a Philadelphia-area firm should be forced to pay more than $2 billion for overcharging it for life insurance policies acquired from elderly...
Reinsurance Broker TigerRisk Hires Ex-AIG, Hanover Exec. Bensinger as Adviser
Oct 26 2015 // TigerRisk Partners has hired insurance-industry veteran Steven Bensinger, who oversaw American International Group Inc.’s finances during the early part of the global credit crisis, to advise clients. Bensinger,...
BHSI Adds New Leadership, Expands Executive, Professional Lines Offerings
Oct 21 2015 // Berkshire Hathaway Specialty Insurance (BHSI) has added new leadership to its Executive & Professional Lines as part of the company’s expansion of its dedicated underwriting capabilities in the U.S. According to...
AIG Makes Leadership Changes at Commercial Insurance
Oct 16 2015 // American International Group (AIG) announced leadership appointments in its Commercial Insurance business, including a new chief underwriting officer and the newly-established roles of global head of Cyber, and presidents...
AIG to Sell Central American Operations to ASSA
Oct 16 2015 // ASSA Compañía Tenedora, S.A. and ASSA Compañía de Seguros (ASSA) will acquire 100 percent of American International Group’s Central American operations in El Salvador, Guatemala, Honduras and Panama in a share...
Aubert Appointed CEO of UK-based Willis Limited
Oct 12 2015 // Willis Group Holdings has appointed Nicolas Aubert as CEO of Willis Limited, the Willis Group’s principal UK regulated entity. The appointment, which has received regulatory approval from the Financial Conduct...
Too-Big-to-Fail Insurers Face 10% Hike to Capital Requirements: Int’l Regulators
Oct 5 2015 // Global insurers with the greatest ties to the financial system would face an average increase of 10 percent to capital requirements under new standards proposed by a group of regulators. The increase would be as high as...
Massachusetts Announces $430K Settlement With AIG Subsidiary
Oct 5 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
Massachusetts AG Healey Announces $430K Settlement With AIG Subsidiary
Sep 16 2015 // The Insurance Company of the State of Pennsylvania (ICSOP), a subsidiary of the American International Group (AIG), has agreed to pay $430,000 to settle allegations that it sold unauthorized health insurance to...
AIG Loses Appeal Over Foreign Tax Credits
Sep 11 2015 // A U.S. appeals court on Wednesday rejected efforts by American International Group Inc. and Bank of New York Mellon Corp. to recoup hundreds of millions of dollars of foreign tax credits that the Internal Revenue Service...
Court Narrows Investment Firms’ Claims Against AIG
Sep 11 2015 // American Group International Group Inc. won a decision that narrowed the claims by six investment funds that opted out of a $970.5 million class-action settlement last year over allegations the insurer misled investors...
AIG, Axis Insure Adultery Website AshleyMadison: Report
Sep 9 2015 // American International Group Inc. and Axis Capital Holdings Ltd. are among insurers for the company that owns AshleyMadison.com, the adultery website hacked in a breach that exposed more than 37 million users, people...
AIG to Freeze Employee Pension Plan, Switch to 401(k)s
Sep 4 2015 // American International Group Inc., the insurer seeking to cut costs under Chief Executive Officer Peter Hancock, said it will halt employees’ existing pension program in the U.S. and instead focus on 401(k)...
AIG Launches Insurance for Couture, Designer Wardrobe Collections
Sep 3 2015 // AIG Private Client Group, a division of American International Group, Inc. that serves high net worth policyholders, has introduced wearable collections coverage, a specialized insurance product for couture and designer...
Willis UK, AIG Launch Automatically Renewing Policy for Mid-Market
Sep 1 2015 // Willis Group Holdings and American International Group, Inc. have launched “Evergreen,” described as “an innovative, new approach to insurance that removes the need for annual policy renewal – the first...
AIG’s Lavastone in Dispute with Life Settlements Firm Coventry
Aug 28 2015 // An American International Group Inc. unit and Coventry First LLC began a trial in a dispute over bets in the insurance market on when people would die. Lavastone Capital LLC, the AIG subsidiary, claims Coventry ripped it...
Nationwide Rebrands Crestbrook, Expands Affluent Client Offerings to 4 States
Aug 26 2015 // Nationwide Private Client insurance products and services for affluent clients are now available in four new states: Alaska, Idaho, Minnesota, and Tennessee, bringing the total number of states served to 16. Nationwide...
AIG Exits Plane Leasing Business with $500M Sale of AerCap Stock
Aug 19 2015 // American International Group Inc. said it raised net proceeds of about $500 million selling stock of AerCap Holdings NV as the insurer completed its departure from the airplane-leasing business. The sale of 10.7 million...
People – East
Aug 17 2015 // ACE Limited, which announced plans to acquire Chubb for $28 billion in July, has designated a post-merger leadership team for the North American insurance operations of the combined company. The North America leadership...
