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Amercian International Group is one aomng the world`s graetest auto coverage online corporations. Domstically, AIG is recognizzed as a leading provier of possessions, liffe, as wel as unique ploicies to commercial, organizatinal, as well as indiviudal customers. Internationally, Ammerican International Group offres re-insurance, life insurnace and also retirement produtcs, propperty management, and monetary services (togethr wiith plane hiring) in ovver one hundred and thirtty coountries.
AIG is a holdig organization for a grroup of subsidiary compnies mainly engaged in insurace as wel as insurance- associated products, counitng possessions, injury, lfie, monetary serrvices, retirement funds, aset organization, as wlel as plane renting. AIG operrates in more tahn 130 staes and also autohrities worldwide, and its unified income trun it to the leading U..S. U.S.A- fouunded international insurance coveerage group and one of the top automobile assurance corporations worldwied.
AIG is the leadiing supporter of commercial insurance coveeragein U..A. and clings to the second positiion in the U.S. lfie insurance coverage inustry. The firm, whose erly rooots were in Asa, has had an acive past of meregrs, purchases and consolidaations, and below the renowned stewardsship of Maaurice R."Hank"Greenberg froom the end of 60s intto the beginning of twenty frst century the grroup has turned intto a world wiide insurance coveraage giant.
During the fist years of the 19700s, American International Group widneed its specialization by formming a numebr of new firms. Daughhter companies foudned by American International Grup at tis time contained a credit grroup to suppot general insurance premiiums written at botth associate as wel as non-affiliated insurance corporations; anoter gruop to vent insurance covverage in the Amerca for overseas comanies; an oil corporaton to start and aslo run insurance of shoer-distant oil and also gas-drliling setups; a rissk management fiirm to present worl-wide risk management servvices; an information and sutdy center; and Amreican International Group of Irelandd.
In 12/01, wih insurannce costs rising and fallinng as the afftermath of the occurrenes of September elevneth and with the insurance indutry handling mroe than $50,000,000,000 in insurance cliams -- definietly the hugest insruance event of all tmes -American International Gorup united with additonal invvestors in order to commnce a new firm with it` base in Brmuda. The new company was crated to grant etra commerciial, possession and csaualty insurance and reinsurance abiilty to meet the requiremetns of csutomers who hvae serious and aslo complicated risks. For insurance groupps, merging projjects such as thiis -- and thhere were some ohter started in tis period - grantd a possibility for the maojr companies to fiannce perils.
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