(Bloomberg) — American International Group Inc. has acquired ING Employee Benefits Global Network to expand business with multinational clients.
AIG purchased a controlling stake in the network, which includes providers of employee benefits in more than 100 nations, the New York-based insurer said in a statement Wednesday that didn't disclose terms. The Belgium-based operation will be renamed AIG Global Benefits Network.
The insurer has been accelerating the pace of acquisitions this year after years of contraction. AIG has taken a minority stake in Jeremy and Jules Kroll's investigative firm K2 Intelligence to add business with clients seeking cyber protection, and announced a deal to purchase Laya Healthcare to expand in Ireland.
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