Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
AIG More Than Doubles 3Q Earnings
Nov 10 2006 // Profits at American International Group, Inc. (AIG) more than doubled in the third quarter, thanks in part to a calmer than expected hurricane season. AIG reported net income for the third quarter of 2006 was $4.22 billion...
New Markets
Nov 6 2006 // Travel Guard Nuts & Bolts: AIG Travel Guard has created a travel insurance plan called My Travel Guard that allows clients to pick and choose the coverages that best meet their specific travel needs. The plan offers...
New Markets
Nov 5 2006 // High Value Homeowners Program Nuts & Bolts: Crawley Warren Insurance Services Inc. announced its new customized High Value Homeowners Program (HVH) for high net worth clients in California. This non-admitted product...
New Markets
Nov 5 2006 // Travel Guard Nuts & Bolts: AIG Travel Guard has created a travel insurance plan called My Travel Guard that allows clients to pick and choose the coverages that best meet their specific travel needs. The plan offers...
Syracuse, N.Y. Area Industry Honors AIG’s Hanesworth
Nov 3 2006 // Phyllis Hanesworth, senior claims representative for the Liverpool, N.Y. office of American International Group, Inc., was named the Insurance Person of Distinction during the 46th annual Syracuse Insurance Day Conference...
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA, U.S. subsidiary of Hiscox plc, now provides terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, N.Y....
New Markets
Oct 23 2006 // Terrorism Insurance Nuts & Bolts: Hiscox USA is now providing terrorism insurance in the U.S., from the U.S. The coverage is being offered to brokers through Hiscox USA’s Armonk, New York headquarters. Hiscox...
New Markets
Oct 23 2006 // Corporate Identity Theft Nuts & Bolts: National Union Fire Insurance Company of Pittsburgh, Pa., a member of American International Group Inc., released AIG Corporate Identity Protection, a new insurance policy...
Business Moves
Oct 23 2006 // OneBeacon, QBE OneBeacon Insurance Group completed its renewal rights and asset sale agreement to transfer its agricultural division to QBE the Americas, a division of QBE Insurance Group Ltd., for approximately $32...
Insurance charity foundation opens in N.Y.; plans national expansion
Oct 23 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
Insurance Charity Foundation Opens in N.Y.; Plans National Expansion
Oct 10 2006 // A California organization seeking to be a collective voice for insurance industry philanthropy has launched a New York division, kicking off what it hopes will become a nationwide expansion. The Insurance Industry...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // The Securities and Exchange Commission, which has been investigating a number of finite reinsurance transactions for the past two years, lowered the boom on three former officers of the Bermuda-based reinsurance group...
Cora Barran was elected president of the Insurance
Oct 9 2006 // People Ernie Csiszar, the Romania-born former South Carolina regulator who two years ago was named president and chief executive officer of the then newly-formed Property Casualty Insurers Association of America, resigned...
SEC sues RenRe officers over alleged finite reinsurance scam
Oct 9 2006 // SEC attorney Andrew Calamari, who headed the SEC’s investigations in both cases, declined to comment on whether criminal charges were under consideration in the RenRe matter. He stressed that the Commission brings...
AIG Buys Arch Ocean Marine Business
Oct 4 2006 // AIG Global Marine, a division of the property and casualty insurance subsidiaries of American International Group, has purchased the U.S. Ocean Marine business from Arch Insurance Company. Under the terms of the agreement,...
AIG to Refund $14 Million in Florida Settlement
Sep 27 2006 // Under a consent order issued by Florida Insurance Commissioner Kevin McCarty, AIG Insurance Company will be required to refund or credit approximately $13.6 million in workers’ compensation, and approximately...
Spitzer, Republican opponent, attorneys spar over dropped Greenberg charges
Sep 25 2006 // Spitzer’s Republican opponent for governor called the action proof of “the phony nature of many cases pursued by Eliot Spitzer.” News Currents New York Attorney General Eliot Spitzer has dropped two of...
AIG Pledges $5.25 Million to Microfinance Project Headed by Ex- President Clinton
Sep 25 2006 // The Clinton Global Initiative (CGI), which is headed by the ex-President, has received a pledge a $5.25 million from American International Group to help fund a three-year partnership with ACCION International. The money...
Fitch Assigns ‘AA+ Rating to AIG’s Dubai Subsidiary
Sep 22 2006 // Fitch Ratings has assigned an “AA+” insurer financial strength (IFS) rating to AIG MEMSA Insurance Company with a stable outlook. “Fitch’s rating reflects explicit support in the form of an...
AIG Political Contributions by Subsidiaries Questioned in N.Y.
Sep 21 2006 // Major corporations based in New York such as American International Group Inc. have legally contributed many times more than the corporate limit to political candidates who regulate their businesses, state and...
