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Twenty AIG subsidiaries are licensed to do business in Pennsylvania, including National Union Fire Insurance Co. in Pittsburgh, believed to be the second largest AIG underwriter in the nation. Other subsidiaries include New Hampshire Insurance, Insurance Company of the State of Pennsylvania, Granite State Insurance and New Hampshire Indemnity. [11]
National Union Fire Insurance Company of Pittsburgh, PA [148] The United States Life Insurance Company in the City of New York [149] [148] The Variable Annuity Life Insurance Company (VALIC) [148] American International Group UK Ltd. [148] AIG General Insurance Co. Ltd. [148] Validus Reinsurance, Ltd. [148]
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
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Company Country Total assets (US$ Billion) 1 Allianz Germany: 1,247.2 2 Berkshire Hathaway United States: 958.8 3 Prudential Financial United States: 937.6 4 Ping An Insurance China: 937.0 5 China Life Insurance China: 900.5 6 Axa France: 846.3 7 Legal & General United Kingdom: 786.1 8 MetLife United States: 759.7 9 Nippon Life Japan: 725.0 10
In 2005, Mr. Greenberg retired as chairman and CEO of American International Group (AIG), a former Starr subsidiary, which became the first fully licensed foreign insurance company in China. [3] Starr owns Morefar Back O’Beyond, a private golf course located on 500 acres (2.0 km2) in both Danbury, Connecticut and Southeast, New York.
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 .
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