Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
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...
Rift Between EU US Over AIG Stalls China/WTO Pact
Jul 5 2001 // Negotiators in Geneva had hoped to announce that they had reached an accord on all issues, clearing the way for China to join the World Trade Organization, but they’ll have to wait a bit longer, as a dispute over...
AIG Files To Exit NJ Auto Market
Jun 21 2001 // Insurance giant American International Group became the second insurance company in two weeks to file a request with New Jersey’s Insurance Department requesting permission to withdraw from the state’s...
Shareholder Vote Planned for AIG Deal
Jun 21 2001 // Insurer American General Corp. indicated its shareholders will vote on a planned $23 billion takeover by rival American International Group Inc. at a special meeting Aug. 15. According to a Reuter’s story, the...
AIG Announces Plans To Form Lloyd’s Syndicate
Jun 18 2001 // According to a report in London’s Financial Times, American International Group, plans to announce the formation of an underwriting syndicate at Lloyd’s with an initial capitalization of $100 million ($140...
AIG TO BUY AM GEN
May 21 2001 // American International Group Inc. came to an agreement under which it will buy American General Corporation in a estimated $24.6-billion transaction, which was approved by the boards of directors of both companies....
Report American General To Accept AIG Offer
May 11 2001 // Although there’s been no official word as yet, The New York Times, The Wall Street Journal and the Financial Times all reported on their respective websites that Houston-based life insurer American General would...
AIG Outbids Prudential for American General
Apr 30 2001 // No one has ever accused American International Group (AIG) CEO, Maurice “Hank” Greenberg, of thinking small or being timid. He reinforced his reputation April 3 with a letter to American General CEO Robert...
ING Sells Argentine Life Sub to AIG – Expands Polish Operations
Apr 27 2001 // Holland’s ING Group agreed to sell Aetna Vida S.A., an Argentine life subsidiary it acquired last year as part of Aetna’s international operations, to AIG’s American Life Insurance Company for an...
AIG’s First-Quarter Income Increases
Apr 27 2001 // American International Group Inc. (AIG), the largest underwriter of commercial and industrial insurance in the U.S., reported solid first-quarter results. AIG’s income, excluding the cumulative effect of an...
AIG Gets Final Approvals for Chiyoda Takeover
Apr 23 2001 // The Tokyo District Court, Japanese regulatory authorities and major creditors have all given final approval to American International Group’s takeover of failed insurer Chiyoda Mutual Life Insurance Co. Chiyoda filed...
AIG Tops Pru’s Bid for American General
Apr 23 2001 // No one has ever accused American International Group’s (AIG) legendary CEO, Maurice “Hank” Greenberg, of thinking small or being timid. He reinforced his reputation on April 3 with a letter to American...
AIG Affirmed
Apr 23 2001 // The “AAA” debt and counterparty credit ratings on American International Group Inc. (AIG) were affirmed by Standard & Poor’s (S&P). Concurrently, the “AAA” insurer FSR and...
Prudential Drops Injunction Demand
Apr 18 2001 // Prudential plc announced that it is no longer seeking an injunction against AIG to halt its talks with American General, but it isn’t dropping its lawsuit, and will continue to seek monetary damages. The injunction...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 16 2001 // American International Group Inc., Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, a web-based insurance agency that will allow consumers to...
InsureHiTech, AIG’s American International Cos. Complete XML Integration Project
Apr 12 2001 // InsureHiTech, an eBusiness property/casualty insurance portal designed for middle market technology clients, announced that AIG’s American International Companies, has “gone live” with its Web-based...
AIG, American General Talk – Pru Sues
Apr 11 2001 // The fight between AIG and Britain’s Prudential to take over Houston-based American General heated up considerably on Tuesday. AIG signed a confidentiality agreement with Am Gen, and began discussions aimed at...
American General O.K.’s Talks With AIG
Apr 10 2001 // American General’s board of directors inched a step closer to American International Group, and a step further away from Britain’s Prudential plc, on Monday, when it voted to authorize its management and...
Three Big Carriers Join Forces to Launch Web-Based Agency
Apr 9 2001 // American International Group Inc. (AIG), Kemper Insurance Companies and Prudential Insurance Company of America recently announced plans of a joint venture called Fusura, an innovative web-based insurance agency that will...
AIG Seen as Winner in Bid For American General
Apr 5 2001 // The emerging consensus among financial analysts sees AIG as the winner in its contest with Prudential (U.K.) for American General. Ironically Pru shares closed up 6.9 percent at around $43 per share, while AIG dropped 4.2...
