Latest AIG Headlines
All the headlines from our AIG Topic Page, ordered by recency.
Former Northwest Airlines CEO Steenland Named AIG Chairman
Apr 16 2015 // American International Group Inc. named Douglas M. Steenland as the insurer’s seventh chairman since 2005, replacing Steve Miller who oversaw the promotion of Peter Hancock to chief executive officer last...
AIG Invests in Cybersecurity, Investigations Firm, K2 Intelligence
Apr 16 2015 // American International Group Inc. as acquired a minority stake in K2 Intelligence, an corporate investigations firm. The companies said they have agreed to co-develop products and services to help AIG’s customers...
AIG Names Kaiser’s Brady to New Post as Chief Technology Officer
Apr 10 2015 // American International Group Inc., the largest commercial insurer in the U.S. and Canada, named Michael Brady to the new post of chief technology officer as Chief Executive Officer Peter Hancock works to modernize the...
Insurers AIG, USAA Receive OK to Test Use of Drones
Apr 8 2015 // Two more insurers have received approval to test the use of unmanned aerial vehicles (UAVs), or drones, for their business. The Federal Aviation Administration (FAA) has approved requests from USAA and American...
AIG Sued by Pimco Over Swaps, Subprime Losses
Apr 6 2015 // Pacific Investment Management Co. accused American International Group Inc. of misleading investors about “colossal” losing bets on unregulated credit-default swaps and subprime debt before the 2008 financial...
AIG Buys Controlling Interest in Program Manager NSM Group
Apr 6 2015 // American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal...
AIG Aims to Sell Plane Leasing Firm AerCap for $4 Billion
Apr 2 2015 // American International Group Inc. registered to sell its 46 percent stake in plane lessor AerCap Holdings NV for a price that values the holding at more than $4 billion, as the insurer streamlines it operations. AIG would...
Mercer’s Garg Returns to AIG as CEO of Personal Insurance
Apr 1 2015 // American International Group Inc. has named Gaurav D. Garg as chief executive officer, Personal Insurance. The appointment marks the return of Garg to AIG, where he held various personal insurance roles for 12 years before...
Crystal, AIG Offer Conceptual Art Insurance for Private Clients
Mar 31 2015 // Crystal & Co., a strategic risk and insurance advisor, has partnered with AIG Private Client Group, a division of AIG, to create a new insurance product for private clients with conceptual art collections. Conceptual...
AIG CEO Hancock Aims to Sell Off More Assets
Mar 31 2015 // American International Group Inc. Chief Executive Officer Peter Hancock, who took over the top job in September, said he plans to sell more businesses that don’t align with the insurer’s biggest...
AIG Chairman Miller to Exit in July: WSJ
Mar 30 2015 // American International Group Inc. Chairman Robert “Steve” Miller intends to step down in July after five years in the role, the Wall Street Journal reported. The insurer’s directors have not yet decided...
AIG Seeks $507 Million Through Sale of Some of Its Shares in China’s PICC
Mar 30 2015 // American International Group Inc. is seeking as much as $507 million through the sale of part of its holding in PICC Property & Casualty Co., China’s biggest non-life insurer. AIG, the largest commercial insurer...
Closing Arguments in Greenberg’s Suit Against Bailout Set for April 22
Mar 24 2015 // Maurice “Hank” Greenberg’s Starr International Co. and the U.S. filed a second set of post-trial papers in a lawsuit over the terms of the government’s bailout of American International Group Inc.,...
Top 30 U.S. Excess & Surplus Lines Writers in 2014: SNL
Mar 23 2015 // American International Group (AIG) and Nationwide Mutual are the top writers of U.S. excess and surplus (E&S) business but Berkshire Hathaway Inc. has climbed to become the eighth largest writer in just two years. A...
Paying Tribute
Mar 23 2015 // The industry saw the passing of two of its best known and respected leaders in the past month: Liam McGee, former CEO and executive chairman at The Hartford, and Robert Benmosche, former CEO of MetLife and American...
Court OKs AIG $970M Pact with Investors Over Subprime Mortgages
Mar 22 2015 // American International Group Inc. shareholders won approval on Friday of a $970.5 million settlement resolving claims they were misled about its subprime mortgage exposure, leading to a liquidity crisis and $182.3 billion...
Roger Clemens’ Insurer AIG to Pay for Settlement Reached in Defamation Suit
Mar 20 2015 // A long-running defamation lawsuit against former Boston Red Sox and New York Yankees pitcher Roger Clemens by his ex-trainer has been settled for an undisclosed amount of money to be paid by his insurer, attorneys said...
AIG Buys Controlling Interest in Program Manager NSM Group
Mar 16 2015 // American International Group Inc. has agreed to acquire a controlling stake in NSM Insurance Group, a managing general agent and insurance program administrator, from ABRY Partners and NSM management. Terms of the deal...
Indonesia Shariah Insurance Growth Attracts AIG: Islamic Finance
Mar 13 2015 // Indonesia’s Islamic insurance industry is expanding three times as fast as Malaysia’s, prompting American International Group Inc. and Sun Life Financial Inc. to seek a broader presence in the nation. AIG is...
Missouri Insurance Department Settles with AIG for $1.2M after Market Conduct Exam
Mar 11 2015 // Missouri insurance regulators announced a $1.2 million settlement agreement with nine AIG affiliated insurance companies after a market conduct examination into their handling of workers’ compensation...
