AIG becomes sole owner of AIG Global Benefits Network
AIG in December 2017 became the sole owner of the AIG Global Benefits Network (AIG GBN).
By way of background, through one of its units, AIG in mid-2015 had acquired a controlling 50%+1 stake in the former ING network. Two years later, the two minority shareholders of AIG GBN, Malakoff-Médéric of France and NN (formerly ING) of The Netherlands, sold their respective stakes.
The move confirms AIG’s commitment to meeting fundamental client needs, in this case, being supported in their global expansion by proper risk management and employee benefits solutions. Both Malakoff-Médéric and NN remain fully committed to the AIG GBN pooling network and will continue to play a key role in its development.