American International Group, Inc. (AIG) is an American insurance company headquartered in New York City, founded in 1919 in Shanghai by Cornelius Vander Starr as an insurance agency before growing into a global insurance conglomerate. It became one of the largest insurers in the world, then nearly collapsed during the 2008 financial crisis after suffering large losses on credit default swaps it had written, requiring a United States government bailout of roughly 180 billion dollars, the terms of which the company later repaid in full.
Facts
Company TypeAmerican multinational finance and insurance corporation 1 Founded Year HeadquartersNew York City, New York, U.S. 1 Connections
Operates In
A major insurance company; classified in the atlas insurance-industry.
In the Other Atlases
Sources
1. Wikipedia, American International Group
WikipediaHistory, 1919-1945 subsection
AIG was founded December 19, 1919 when American Cornelius Vander Starr (1892-1968) established a general insurance agency, American Asiatic Underwriters (AAU), in Shanghai, China.
Lead section
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 200 countries and jurisdictions.
Lead section, headquarters sentence
AIG has offices around the world, with corporate headquarters in New York City.
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