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AIG Completes Acquisition of NSM Insurance Group

NEW YORK--(BUSINESS WIRE)--Apr. 2, 2015-- American International Group, Inc. (NYSE:AIG) today announced that it has completed its acquisition of a controlling stake in NSM Insurance Group, a leading U.S. managing general agent and insurance program administrator, from ABRY Partners and NSM management. AIG’s agreement to acquire the NSM stake was announced in March.

Based in Conshohocken, Pennsylvania, NSM Insurance Group is a recognized leader in insurance programs administration, well known for its unique development and implementation of programs for a broad range of niche customer segments. NSM has been managing certain insurance programs for AIG for more than 15 years and will continue to do so, while continuing to manage third party programs. AIG’s investment was executed through a non-operating holding company, NSM Investments, Inc.

AIG’s stake in NSM furthers its strategic goal of diversifying its product offerings and provides its customers with greater access to unique insurance programs.

“We are pleased to have completed this important addition to AIG and expansion of our already strong program insurance business,” said Robert Schimek, AIG Senior Vice President and CEO of the Americas. “We look forward to working with the NSM management team to grow this business and bring more innovative solutions to our customers and to the market.”

American International Group, Inc. (AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn: http://www.linkedin.com/company/aig

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Source: American International Group, Inc.

American International Group, Inc.
Matt Gallagher, 212-458-3247
Jon Diat, 212-770-3505
Liz Werner, 212-770-7074