NEW YORK--(BUSINESS WIRE)--Apr. 1, 2015--
American International Group, Inc. (NYSE:AIG) today announced the
completion of its acquisition of Laya Healthcare, Ireland’s second
largest health insurance provider. AIG’s agreement to acquire the
company was announced in January 2015.
Laya Healthcare serves 24% of the Irish private health insurance market.
In addition, the company offers life, dental, and travel insurance, as
well as health and wellness coverage.
Laya Healthcare will become part of AIG’s Health business, which is
focused on offering creative solutions to AIG’s customers and partners
in a rapidly changing global healthcare environment.
“Expansion of our Health business is critical to AIG’s Consumer
Insurance strategy of meeting the broad insurance needs of consumers in
markets around the globe,” said Kevin Hogan, AIG’s Chief Executive
Officer of Consumer Insurance. “We look forward to working with Laya
Healthcare’s experienced management team and building on and learning
from its success in the healthcare space.”
AIG has been a part of Ireland’s business community for 40 years. It
provides auto, home, personal accident, and travel insurance to the
Irish market, as well as commercial insurance products. AIG also has a
significant IT and asset management presence in the country, supporting
its European and global operations.
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.
Source: American International Group, Inc.
AIG
Investors:
Liz Werner, 212-770-7074
elizabeth.werner@aig.com
or
Media:
Matt
Gallagher, 212-458-3247
matthew.gallagher2@aig.com
or
Media,
UK:
Rhodri Williams, +44 (0)20-651-6058
rhodri.williams@aig.com