AIG Completes Acquisition of Laya Healthcare

NEW YORK--(BUSINESS WIRE)--

American International Group, Inc. 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.

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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.