(Executive VP & CFO)
CEO of the UK Business Operation & CEO of AIG Europe Ltd
Gaurav D. Garg
President & CEO of Personal Insurance
Jana Waring Greer
CEO of Individual & Group Retirement Division & President of Individual & Group Retirement Division
Ada Koon Hang Tse
Chief Executive Officer of AIGGIG Asia and President of AIGGIG Asia
AIG was founded in the year 1919. The company has been operational for almost 100 years now. The founder of the company was Cornelius Vander Starr. The company has its origins to an insurance agency known as American Asiatic Underwriters. The company started expanding in China, and during the 1920s, the company had its branches even in the south-east countries as well. The first office of the American International Underwriters Corporation was established in the USA. After WWII, the company had entered countries such as Germany and Japan. In the year 1969, the company had become a limited public entity.
During the 1970s, the company faced many issues, and by the year 1979, AIG started offering its clients better services as well. The company provided its clients with risk management and superior technical skills as well. During the 1990s, the company had acquired the International Lease Finance Corporation and also SunAmerica Incorporated as well. In the early 2000s, the company also received the American General Corporation, which allowed the company to get a steady market growth. The company also made investments in Russia, which helped the country recover from the financial crisis. In the year 2005, the company was involved in a fraud investigation, for which the US federal government bailed AIG for $180 billion. In the year 2012, the company started sponsoring various New Zealand based rugby teams. Also, in the year 2015, Nan Shan Life Insurance company from Taiwan had acquired a stake in the company, for $158 million. The headquarter the company is based in 175 Water Street. The name of the place is New York, while the name of the state is New York, USA. The pin code of the area is 10038.
AIG is an American company that focuses on providing various financial and insurance services to its clients and customers worldwide. The current CEO and president of the company are Brian Duperreault. As of the year 2017, the total sales revenue generated by the company is more than $49.5 billion. Also, as of the year 2017, the total number of employees working at the company is more than 49,800. In 2018, the company was ranked at 60th place among the other Fortune 500 companies. AIG was also one of the reasons for the 2008 financial crisis as well.
The primary services provided by the company include allowing customers and clients to purchase various kinds of insurance policies offered by the company and also financial services as well. This includes property casualty insurance, commercial and consumer insurance, retirement and life insurance, mortgage insurance, etcetera.
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