American International Group Inc (NYSE:AIG)

Financial

American International Group Inc is a multinational insurance firm based in New York.

Founder Cornelius Vander Starr established the company in December 1919 in Shanghai, China.

The diversified insurance group claims to have a strong foothold in around 80 countries and jurisdictions.

The international insurance firm caters to a diverse group of individuals, commercial and institutional customers. It provides life insurance, property casualty insurance and various retirement service.

It also engages in internet-based advertising services to reportedly expand its online presence. The insurance firm also provides a mobile-based application to facilitate digital operations.

The New York-based company’s certain subsidiaries include AIG Property Casualty Inc, TATA AIG, AIG Property Casualty Group, Laya Health Care, Travel Guard Canada, AIG Markets Inc, AIG American General, Ocean Finance and Mortgages, Sun America Ventures, ASL Liechtenstein, AIG Global Real Estate, Fischbach corporation, etc. The company provides various insurances like AIG direct, travel insurance, private client group insurance, health and personal insurance.

In addition, it also provides various investment options such as annuities, long-term investment solutions, mutual funds, structured settlements, AIG retirement services, AIG home loan, etc. The company provides various claim options to individuals and claims to help them during uncertain events.
The American insurance firm operates under four core business divisions:
• Life Insurance
• Group Retirement
• Institutional Markets
• Individual Retirement


The company’s General Insurance North America segment consists of business activities related to insurance in Bermuda, the United States and Canada. Its General Insurance International business division caters to regional insurance demand in EMEA, Japan, the United Kingdom, the Caribbean, Asia Pacific, Latin America and China.

In June 2020, the firm sold its majority stake in Fortitude Holdings to an investment fund Carlyle FR under a previously announced 2019 agreement among various parties, including AIG, Fortitude Holdings, T&D and T&D Holdings, Inc.

AIG established Fortitude Re, a wholly-owned subsidiary of Fortitude Holdings, in 2018.

In 2021, it was reportedly among Canadas Top Employers for Young People, Best Place to Work for LGBTQ and Top 50 Companies for Diversity.

Contact Information

company address 175 water St New York NY 10038 United States.

company phone1-347-493-2228

company email[email protected]

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