M&A Deal Summary

AIG Acquires ING Employee Benefits Global Network

On May 20, 2015, AIG acquired insurance company ING Employee Benefits Global Network from ING Groep

Acquisition Highlights
  • This is AIG’s 13th transaction in the Insurance sector.
  • This is AIG’s 1st transaction in Belgium.

M&A Deal Summary

Date 2015-05-20
Target ING Employee Benefits Global Network
Sector Insurance
Buyer(s) AIG
Sellers(s) ING Groep
Deal Type Divestiture

Target

ING Employee Benefits Global Network

Brussels, Belgium
ING Employee Benefits Global Network is a network of insurance companies working together to provide multinational employers and their employees with the best possible employee benefit solutions worldwide.

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Buyer(S) 1

Buyer

AIG

New York, New York, United States

Category Company
Founded 1919
Sector Insurance
Employees22,200
Revenue 27.3B USD (2024)
DESCRIPTION

AIG is an international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. American International Group was incorporated in 1919 and is based in New York City.


DEAL STATS #
Overall 14 of 17
Sector: Insurance M&A 13 of 16
Type: Divestiture M&A Deals 4 of 4
Country: Belgium M&A 1 of 1
Year: 2015 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-15 K2 Intelligence

New York, New York, United States

K2 Intelligence LLC is an investigative consultancy conduct investigative, analytic and advisory assignments worldwide, and employ a wide range of traditional investigative techniques, together with a unique suite of proprietary technologies commercialized from the intelligence services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-01-26 Osaic

Scottsdale, Arizona, United States

Osaic provides comprehensive broker-dealer services, technology, and advisory programs through its four registered broker-dealers and Registered Investment Advisors. Osaic was founded in 1999 and is based in Scottsdale, Arizona.

Sell -

Seller(S) 1

SELLER

ING Groep

Amsterdam, Netherlands

Category Company
Founded 1762
Sector Financial Services
Employees60,000
Revenue 22.5B USD (2024)
DESCRIPTION
ING branch in central Barcelona.
ING branch in central Barcelona.

ING Groep is a diversified financial services company offering banking, investment, life insurance, and retirement services products and services. ING has operations throughout Europe, North America, and Asia. ING Groep was founded in 1762 and is based in Amsterdam, Netherlands.


DEAL STATS #
Overall 10 of 13
Sector: Insurance M&A 5 of 5
Type: Divestiture M&A Deals 9 of 12
Country: Belgium M&A 1 of 1
Year: 2015 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-26 Orange Life

Seoul, South Korea

Orange Life is a South Korean life insurance unit. Orange Life was founded in 1987 and is based in Seoul, South Korea.

Sell $1.7B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 ING - SparQ

Amsterdam, Netherlands

ING's SparQ is a regulatory monitoring platform allows financial services organisations to identify new regulations or threats, construct robust controls around monitoring and oversight, and ensure appropriate policies are in place, end-to-end. NG's SparQ was founded in 2017 and is based in Amsterdam, Netherlands.

Sell €5M