NEW YORK--(BUSINESS WIRE)--May 20, 2015--
American International Group, Inc. (NYSE:AIG) announced today that it
has acquired a controlling stake in ING Employee Benefits Global Network
and renamed it AIG Global Benefits Network. The network is based in
The network’s minority shareholders are Nationale-Nederlanden in the
Netherlands and France’s Malakoff Mederic. Terms of the deal were not
The network provides administrative and marketing services to insurance
companies offering benefit solutions to multinational employers. The
administrative capability of AIG Global Benefits Network offers
multinational companies an efficient way to access and manage employee
Insurance carriers from around the world are members of the network,
providing benefit solutions in individual or multiple countries.
Combined, the carriers offer benefit solutions in more than 100
countries. AIG Global Benefits Network can develop global benefit plan
solutions for multinational clients by tapping the coverage options
offered by carriers throughout the network.
AIG’s stake in the network and its role as U.S. network partner allows
its U.S. benefit division, AIG Benefit Solutions, to offer enhanced
employee benefit plan solutions to clients seeking multi-country
This investment furthers AIG’s commitment to providing the highest level
of services and solutions to multinational companies and to meeting the
broad insurance needs of consumers in markets around the globe.
“As global business thrives, employee benefits are an increasingly
important consideration for multinational companies competing for the
best employees,” said Curt Olson, President and CEO, AIG Benefit
Solutions. “Our ability to offer benefit plan solutions through this
network creates additional opportunities for AIG to support our
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.
All product and service names referenced are trademarks of their
View source version on businesswire.com: http://www.businesswire.com/news/home/20150520005077/en/
Source: American International Group, Inc.
Matt Gallagher, 212-458-3247