Aig life insurance

AIG to acquire UK group life specialist Ellipse from Munich Re

New York, London and Munich, American International Group, Inc. (AIG) and Munich Re announced today that AIG Life Ltd. (AIGLL), a UK subsidiary of AIG Life & Retirement, has agreed to acquire Ellipse, a specialist provider of group life risk protection in the UK, from Munich Re. Ellipse’s group protection capabilities, which include life, critical illness and income protection products, along with its technology-enabled business model with high levels of straight through processing, will position AIGLL to efficiently manage group risk schemes for companies of all sizes. Thomas Braune, Munich Re’s ‎Chief Executive of Life and Health Reinsurance in Europe, Latin America and the Middle...

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AIG and Norton Rose Fulbright announce first Shariah-compliant product for mergers and acquisitions in MENA, Global law firm, Norton Rose Fulbright

American International Group, Inc. (NYSE: AIG), advised by global law firm Norton Rose Fulbright, has placed the first Shariah-compliant insurance policy in the Middle East and North Africa region (MENA) for merger and acquisitions activity. AIG offers a range of market-leading Islamic insurance solutions for M&A transactions, through its partnership with Shariah-compliant managing general agent Cobalt Underwriting. AIG’s Warranty and Indemnity (W&I) insurance product helps protect buyers and sellers from financial losses if misrepresentations or inaccuracies in representations or warranties occur. Buyers can distinguish bids, sellers can reduce indemnity obligations –...

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AIG Life Insurance - Get 3 months FREE cover

Introduction AIG, otherwise known as American International Group was established in 1919 and operates throughout the world. In 2014, AIG’s life insurance arm AIG Life was created through AIG’s purchase of Ageas Protect from the Ageas Group. This insurer offers a range of insurance products for businesses and private individuals. AIG is award-winning. Indeed, they have won several awards, including “Best Critical Illness Provider” award in 2017 from Moneyfacts, as well as First Complete’s “Best Service” award that same year. How Financially Strong is AIG? Without doubt, AIG is a key player in the marketplace. Over the last 5 years, internationally, this insurer has paid out more than $40...

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AIG News, Insurance Business New Zealand

One of the largest global insurance companies operating worldwide, AIG opened its first New Zealand office in Wellington in November 1970, with the Auckland office opening soon afterwards. With customers in more than 80 countries and jurisdictions, AIG today offers a range of life insurance, property and casualty insurance and other financial products to its global client base. It is headquartered in New York City and serves 87% of the Fortune Global 500, along with 83% of the Forbes 2000. As of December 31 2017, AIG had US $65.2 billion in shareholder equity. Initially set up as an Asia-based insurer, AIG was founded as American Asiatic Underwriters (AAU) in Shanghai, China in 1919. The...

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AIG selling Canada life-insurance arm for $308 million - MarketWatch

SAN FRANCISCO (MarketWatch) -- American International Group Inc. said Tuesday it agreed to sell off a Canadian life-insurance unit, a small step toward the giant insurer's goal of repaying tens of billions of dollars in government loans. struck a deal to sell AIG Life Insurance Co. of Canada, with Toronto-based BMO Financial Group BMO, (BMO) paying roughly $308 million in cash. The unit, based in Toronto, sells products like universal and term life insurance as well as critical illness plans and annuities. The acquisition price is subject to any change in net worth between Sept. 30, 2008, and closing on the deal scheduled for early next June, New York-based AIG said. AIG Life of Canada...

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AIG Moves to Standardize Policy Administration Globally with Duck Creek OnDemand

AIG Moves to Standardize Policy Administration Globally with Duck Creek OnDemand SaaS technology will support AIG 200, the insurer's strategic modernization effort to achieve operational excellence Boston, May 19, 2020 (GLOBE NEWSWIRE) -- Duck Creek Technologies announced today that American International Group, Inc. (AIG), a longtime Duck Creek customer and one of the most recognizable and respected global insurers in the industry, has entered into a new strategic partnership with Duck Creek. AIG selected Duck Creek OnDemand, the provider’s SaaS solution for the P&C and general insurance industry as its global standard. This partnership is an important enabler of AIG 200, the...

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AIG Life Insurance Review 2020

Founded in 1919, American International Group, Inc. (AIG) has over a century’s experience of providing protection products for both individuals and businesses. It operates in 80 different countries, meaning that its reach is truly global. In the UK alone, AIG has equity valued at an impressive £3.4 billion. Over recent years AIG Life (its insurance branch) and its Critical Illness Cover have been recognised for the service they provide with a number of awards, including: 2019 Best Provider for Service Excellence – The Primis Network’s Awards 2018 Best Online Service Team and Best Claims Management Team – COVER Customer Care Awards 2018 Best Critical Illness...

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Direct Line Group Launches Life Insurance In A New Partnership With AIG - Direct Line Group

● Five-year partnership under the Direct Line and Churchill brands ● Customers can benefit from simple, flexible and value for money insurance. Direct Line Group have today launched a new Life Insurance proposition on two of its most recognisable brands, Direct Line and Churchill. The partnership is part of a five-year deal which will see customers’ insured in less than 10 minutes online, over the phone or via a Price Comparison Website. Under the arrangement, AIG will provide life insurance with critical illness as an option. A simple, jargon-free application process will provide families with value for money life insurance that will offer protection and peace of mind for the years ahead....

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AIG Russia - Insurance from AIG in Russia

AIG Insurance Company, Joint Stock Company, Insurance license number SI 3947, SL3947, OS №3947-04, and reinsurance license number PS №3947, dated 12 April, 2017, offers a wide range of property-casualty insurance services (non-life insurance) for corporate and private clients. One of the company’s unique advantages is that it combines deep knowledge of the Russian market with international practices and service standards. AIG, JSC has been granted ruAA+ reliability rating (the highest level of reliability and stable outlook) by Expert RA agency. Total claims paid amounted to more than 9.5B rubles for the 25 years of operation in Russia. AIG offers a leading insurance capacity up to $750M...

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AIG Life Insurance Review 2016

AIG Life Insurance Review 2016 For many people, AIG is a familiar name thanks to the numerous television commercials that run and position the carrier as a global leader in life insurance. While AIG does offer a solid menu of options and some of the least-expensive prices, it also receives a relatively high number of consumer complaints. In part, this might be due to the underwriting process, which can lead to an increase in the initial quote you receive. If you’re in good health and you enjoy working directly with an agent, AIG may be a good option for you. We recommend researching the company and getting quotes from several insurance carriers to ensure you make the right choice for...

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