AIG expands into multinational benefits
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American International Group Inc. on Wednesday said it has acquired a controlling stake in Brussels-based ING Employee Benefits Global Network and renamed it AIG Global Benefits Network.
Terms of the deal were not disclosed.
The network provides administrative and marketing services to insurance companies offering benefits to multinational employers, AIG said in a statement, and its members are insurers from around the world.
“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 of AIG Benefit Solutions, in the statement. “Our ability to offer benefit plan solutions through this network creates additional opportunities for AIG to support our multinational clients.”
The Hague, Netherlands-based insurance and investment company Nationale-Nederlanden and Paris-based nonprofit health insurer Malakoff Médéric are minority shareholders in the network.
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