Posts Tagged
ING
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
Global Bankers Insurance Group Acquires NN Life Luxembourg
Global Bankers Insurance Group, the insurance and reinsurance division of Eli Global, in April 2017 acquired Luxembourg insurance company NN Life Luxembourg, a subsidiary of NN Group of The Netherlands. According to George Luecke, Vice Chairman and Co‐Chief Executive Officer of Global Bankers, the deal is part of their strategic expansion in Europe and follows on the acquisition of a portfolio of in‐force life and annuity insurance policies from
AIG Benefit Solutions President & CEO Curt Olson leaves
In late June 2015, GBV learned that AIG Benefit Solutions President and CEO Curt Olson was about to leave AIG. Only a few weeks earlier, Olson had led AIG’s comeback in the global employee benefits market, five years after the sale of the “old” AIG network along with other ALICO assets to MetLife. In late April 2015, AIG acquired a majority stake in ING’s ING Employee Benefits – Global
AIG expands into multinational pooling, again (with more background)
AIG in early May 2015 announced that it has acquired a controlling stake in Brussels-based ING Employee Benefits Global Network and renamed it AIG Global Benefits Network (AIG GBN). AIG’s American General Life Insurance Company unit joined the pooling network as the new US partner, taking the place of ING USA, recently spun-off and renamed VOYA. VOYA, in turn, exits the US global employee benefits market in order to