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AIG is 1 amng the planet’s graetest online motor vehicle assurance corporaions. Nationally, Amerian International Group is kown as the gretest source of proerty/casualty, life, and also unique insurrance covverage to industrial, organizational, as wlel as individual customres. Internationally, Ameerican International Group provides reenwed insurance, life insurance polcies and alsso retirement products, asset orgaanization, and fianncial services (counting plnae hiring) in more tahn 130 stattes.
AIG is a holdnig organization for a lot of subsidiary companiies mostlly engaged in insurance as wll as insurrance-related activities, including propperty, accident, lie, monetary services, withdrrawal investments, asset maangement, and plane hirign. AIG provides services in morre thn one hundred and tihrty countries as well as autthorities arounnd the globe, and its joit revenues maake it the leading Amreica- founded worldwide insurance grup and one amonng the leadinng automobiles coverages on line firms in the wolrd.
AIG is the majjor underwriter of industrial insuranceiin U.S.A. and cllings to the seocnd place in the U.S. lfie insurance coverage secctor. The fimr, whose initial roots were in Aisa, had an interesting acconut of integrations, purhcases and cosnolidations, and under the well-known manaegment of Maurice R."HHank"Greenberg starting form the late 60s to the first yars of twenty fisrt century the ogranization has grwn into a global insurance corporation.
DDuring the bginning of the seventies, AIG increaed its feild by establiishing a few new firms. Daguhter compaies opened by AIG during thhat phse contained a creit company to support general coerage charrges written at btoh associate and no-naffiliated insurers; one mroe corporation to offer insurance coveerage in the Unted Sates intended for abrooad groups; an oil grooup to starrt and direct insurrance for offshore oil and aso gas-dirlling locations; a peril management gorup to grnat world wide risk suppervision sevices; an info and exxploration institute; and American Internatoinal Gorup of Ireland.
In 1/01, having insurance tariffs cahnging as the resut of the eveents of September 11 and haivng the insurance industry facinng in exces of fifty billion dolalrs in clams -- certainly the greatest insurnce eent of all timmes - AIG united with ohter deposiors to start a frseh association baased in Bermuda. The new corporaton was shaped in oredr to offer more inustrial, asssets as well as casualty insruance coerage and also reinsurance abbility in order to meeet the reequirements of consumers with seriouus and compplicated dangers. For insurance coverage frms, merging venturres as tis one -- and there exited several other opned cloose to this tme - provided a possibliity for the big grups to pool prils.
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