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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.
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.
In 1752, Benjamin Franklin founded the first American insurance company as Philadelphia Contributionship.In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail.
AIG, one of the world's biggest commercial insurers, is considering cutting cover for Russia and Ukraine, to shield itself from the risk of hefty claims as sanctions ratchet up and the war drags ...
In May 2006, New York-based AIG acquired Travel Guard. In July 2009, the company moved to its new home in a business park located off I-39 in Stevens Point. AIG subsidiary, National Union Fire Insurance Company, underwrites Travel Guard policies. In 2012, it became the product range name for all travel-related products and services of AIG.
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 .
Rank 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
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