AIG Acquires Controlling Stake in ING Employee Benefits Global Network; Renames to AIG Global Benefits Network
May 20 2015 - 8:05AM
Business Wire
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 Belgium.
The network’s minority shareholders are Nationale-Nederlanden in
the Netherlands and France’s Malakoff Mederic. Terms of the deal
were not disclosed.
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 benefits globally.
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 coverage.
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 multinational clients.”
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
respective companies
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version on businesswire.com: http://www.businesswire.com/news/home/20150520005077/en/
AIGMedia:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comLauren Kochendarfer,
212-770-3155lauren.kochendarfer@aig.comorInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.com
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