Latest AIG Headlines

All the headlines from our AIG Topic Page, ordered by recency.

Hartford Steam Boiler Launches International Coverage

Mar 14 2001 // It didn’t take long for HSB to start expanding internationally once it became part of AIG. Tuesday the company announced the introduction of “a new international insurance product called HSB OneSource.”...

AIG Unit To Offer Nasdaq Japan Liability Coverage

Feb 28 2001 // American International Underwriters, the international p/c unit of AIG, announced that an agreement has been reached with Nasdaq Japan to offer management liability insurance to companies listed on the exchange. Nasdaq...

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...