American International Group acquires Glatfelter Insurance Group

American International Group acquired Glatfelter Insurance Group (terms not disclosed), a transaction completed in November 2018, structured as an undisclosed amount (terms not disclosed).

Glatfelter Insurance Group operates in General Insurance (specialty program administration), is based in York, Pennsylvania, USA. Glatfelter Insurance Group, a York, Pennsylvania full-service broker and insurance company providing specialty programs and retail operations, was acquired by AIG on undisclosed terms. AIG announced a definitive agreement on September 21, 2018 and completed the acquisition on November 6, 2018. Glatfelter brought high-quality program-underwriting capabilities, a track record of strong underwriting results and proprietary program-management technology, intended to accelerate AIG's General Insurance Programs business.

AIG called Glatfelter an outstanding strategic fit bringing high-quality specialty-programs capabilities, strong underwriting results and proprietary program-management technology to its General Insurance operations, helping deliver sustainable, profitable growth.

A high-quality program administrator with strong underwriting results and proprietary program-management technology that expanded AIG's specialty Programs business. Integrated into AIG's General Insurance (Programs) business

Glatfelter Insurance Group is an outstanding strategic fit with AIG, bringing high-quality specialty programs business capabilities, a demonstrated track record of strong underwriting results and proprietary program management technology to our General Insurance operations.Brian Duperreault, President and CEO, AIG

Glatfelter is a terrific strategic fit for us. We look forward to working with Tony Campisi and the Glatfelter team to expand our Programs business.Peter Zaffino, CEO of General Insurance, AIG

Advisory firms were not disclosed for this transaction.

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