Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
AIG Announces Closing of American General Acquisition
Aug 30 2001 // American International Group, Inc. (AIG) announced today the closing of its acquisition of American General Corporation (American General). Based on the closing date of Aug. 29, American General shareholders will receive...
Hyundai Deal in Question As AIG Hangs Tough on Share Price
Aug 24 2001 // One might begin to consider AIG’s deal to acquire three Hyundai financial units as as a perfect example of Yogi Berra’s famous line that “it’s never over ’til it’s over.” No sooner...
AIG Deal for Hyundai Units Set to Proceed
Aug 23 2001 // After months of delays, an investment consortium led by American International Group and merchant bank WL Ross & Co. announced agreement with Hyundai and the Korean government to take over three of the Group’s...
Commentary: Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 13 2001 // In the short term, it’s extremely difficult to predict whether a stock will go up or down. The many factors involved are open to widely varied interpretations. Trends in a given sector can be spotted over time, but...
Shares of Insurers Pause After Recent Gains-What Direction Now’
Aug 6 2001 // It’s extremely difficult to predict whether a stock will go up or down-more so in the sort term. Too many factors involved, which are open to widely varied interpretations. Trends in a given sector can be spotted...
AIG Reports Rise in 2Q 2001 Income to $1.66 Billion
Jul 30 2001 // American International Group Inc. (AIG) reported that its income excluding net realized capital gains (losses) increased 15.8 percent to $1.66 billion in the second quarter and, also excluding the first quarter cumulative...
ASP Industry Consortium Unveils Insurance Program for ASP’s
Jul 26 2001 // The Wakefield, Mass.-based ASP Industry Consortium announced the availability of a new insurance program designed specifically for application service providers (ASPs). The program, developed in conjunction with...
Judge Decides in AIG’s Favor in Dispute over Auto Insurance Rates
Jul 25 2001 // An administrative law judge found in favor of American International Group, Inc. (AIG) subsidiary American International Insurance Company of New Jersey (AIIC), on eight of ten issues in a dispute with the New Jersey...
AIG Comments on California Appeals Court Ruling
Jul 20 2001 // A California Court of Appeal has ruled that a suit against CIGNA Corp. and its former subsidiary, Insurance Company of North America (INA) — charging both companies with illegal conduct and fraud — could...
Auto Market Shrinks in New Jersey as Major Carriers Exit
Jul 16 2001 // First, State Farm Indemnity announced plans to leave New Jersey’s auto insurance market; then it was a subsidiary of American International Group noting similar intentions. Several other companies are now...
AIG Affirmed
Jul 16 2001 // Fitch affirmed the ratings of American International Group Inc. (AIG) and its insurance subsidiaries. The ratings are supported by AIG’s placement as the preeminent U.S.-based global insurance organization with...
AIG eBusiness Risk Solutions to Offer Antivirus, Internet Security Resources
Jul 11 2001 // AIG eBusiness Risk Solutions, a division of American International Companies, formed an alliance with Computer Associates International Inc. (CA) to help AIGnetAdvantage Suite(SM) insureds manage Internet security...
AIG Delays Construction of Delaware Complex
Jul 10 2001 // American International Group has decided to delay a major building project in Wilmington following its acquisition of American General. Company spokesmen said that the original plan to build twin office towers for up to...
