AIG Completes Acquisition of Laya Healthcare
April 01 2015 - 8:00AM
Business Wire
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.
AIGInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comorMedia, UK:Rhodri
Williams, +44 (0)20-651-6058rhodri.williams@aig.com
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