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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. [5] As of 2023, AIG employed 25,200 people. [6] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled subsidiary.
AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut , is considered to have played a pivotal role in the global financial crisis of 2008–2009 .
Mega insurer American International Group is best known for its spectacular collapse in 2008 as the company used a government bailout to plug a financial products-induced wound. Despite receiving ...
In 2020, AIG announced plans to perform the spin-off with a 2022 IPO. In July 2021, the company announced that Blackstone Group would acquire 9.9% of the new unit for $2.2 billion cash. Blackstone and AIG also entered a long-term asset management agreement for about one quarter of AIG's life and retirement portfolio, set to increase in ...
For a company that was one of the uglier poster boys for the 2008 financial sector meltdown, AIG kept a relatively low profile in 2012. The company only made occasional headlines during the year ...
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.
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Innovative Interfaces, Inc. (abbreviated III and called "Innovative" or "Triple I" in the industry) is a software company specializing in integrated systems for library management. Their key products include Sierra, Polaris, Millennium, and Virtua, [ 1 ] with customers in 66 countries. [ 2 ]