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American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
Lighthouse Property Insurance Corporation was an American property and casualty insurance company. It was founded in 2008 by Patrick White and operated in Southeastern coastal states such as Louisiana, North Carolina, South Carolina and Texas. The company merged with Prepared Insurance Company in 2017 to expand into Florida. [1]
AIG's AIU Insurance unit has run a P&C insurance in the country since 1946, and is now the largest foreign nonlife insurer with 14,000 agents nationwide. [3] In retail auto and L&H space, AIG owns American Home and Fuji Fire and Marine Insurance company. [4] Since Jan 2018 AIU and FFM business units merged in AIG Sonpo.
The various blocks of business of the company were taken over by various Canadian and American insurance companies. The liquidator was KPMG. As of 2010, the process was still ongoing. It was the third liquidation of an insurance company in Canada in consecutive years, following Les Coopérants in 1992 and Sovereign Life in 1993.
MG Rover Group: United Kingdom: 15 April 2005: Automobiles: After diminishing demand, and getting a £6.5m loan from the UK government in April 2005, the company went into administration. After the loss of 30,000 jobs, Nanjing Automobile Group bought the company's assets. Bayou Hedge Fund Group: United States: 29 Sep 2005: Hedge fund
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The four largest financial institutions in the Group manage assets of over TT$38 billion, over 25 percent of the country's GDP. The Group's holdings include the British American Insurance Company Limited, one of the main insurance companies in the Eastern Caribbean.
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