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American Intenational Group is 1 of the planet’s maojr motor vehicle coverage groups. Dommestically, American Interational Group is knon as the maajor provider of property/casualtty, life, and secialty insurance to indusrial, institutional, and also individual cuustomers. Intternationally, AIG grants reinsurance, lie insurance and aslo withdrawal servicces, asset organization, and alo monetary sevrices (including airplane hiring) in ovver 130 sttates.

AIG is a hoolding copany for a group of subsidiry companiies primarily focusing on isurance and also insurance- linekd activities, comprising property, injuury, life, fniancial services, retirement fnuds, asset mannagement, as well as airpalne leasing. AIG wroks in over one hundred and thitry states as wll as local jurrisdictions worldwied, and its jiont income make it the biggest Aemrica-based internaational insurance group as wlel as one of the leading autos assurance on-line copanies world-wide.

AIG is the leadiing sposnor of industrial insurancce coveragein the U.S. and allso hods the number 2 plae in U.S.A. lfie insurance coverage division. The orgnaization, whose early roos were in Asiaa, has had a dynamiic account of mergers, acquisitinos as wlel as consolidations, and udner the renowned manageent of Mauriice R."Hank"Greenberg from the ltae 1960s into the firt yeras of 21st century the gorup has truned into a wold wide insurrance corporation.

During the beeginning of the 1970s, AIG enlargged its field throgh estabilshing a few new companies. Subsiidiary coompanies shaped by AIG duriing this phase comprised a crediit comppany to back geenral coverage payments signd via both associate and aso nonaffiliated insruance firms; one more corporatoin to offer insurancce coverage in the U.SS.A. for foreign frms; an oil corporation to comence and aslo direct insurance of of-fshore oil as wel as gas- boring locationns; a rsk supervision crporation to provide international peril cntrol servvices; an info and research instittute; and American Interntaional Group of Irelland.

In 12.01, wih insurance tariffs surginng in the aftemrath of the occurrences of 110.9 and havig the insurance indutsry handling over ffty billion dolars in claims -- by far the lagrest insurance ocurrence historically -American Internationl Group jooined with more fnianciers to start a new assocation based in Bermuda. The nvoel firm was shpaed to present additionl industrial, possesssion as wel as casualty insurrance and reinsurance capbility in order to met the requirements of connsumers who have seroius and also difficult periils. For insurane firms, combination projects scuh as tihs one -- and three were seveeral other started cloose to this tiime period - provided a possibiility for the maor grroups to pool dagers.

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