AIG Acquires Glatfelter Insurance Group
American International Group (AIG) in September 2018 acquired Glatfelter Insurance Group, a Pennsylvania-based full-service broker and insurance company that provides services for specialty programs and retail operations.
Headquartered in York, Pennsylvania, Glatfelter “brings high-quality program underwriting capabilities that will accelerate the strategic positioning of AIG’s general insurance business,” AIG said in a statement.
Glatfelter is a large privately owned U.S. insurance broker and has more than 500 employees. Its operations include about 3,000 brokers serving 30,000 insured corporations in the United States and Canada. On closing, Glatfelter CEO Tony Campisi will report to David McElroy, the incoming CEO of AIG General Insurance’s Lexington business.
Terms of the transaction were not disclosed.