AIG Insurance
AIG Insurance Company is not affiliated with; nor does it endorse or sponsor; the contents of this webpage or the AutoInsuranceQuote.com website.
AIG is one of the largest insurance companies in America. The company’s history dates back to 1919 when AIG founder Cornelius Vander Starr first started selling insurance in China. The company was then called American Asiatic Underwriters (AAU). At first; AAU represented American insurance companies in Shanghai. The company offered mostly fire and marine coverage. Starr first opened an office in the United States in 1926 named the American Insurance Underwriters (AIU). AIU was located in New York and wrote insurance on American risks outside of the United States. He left China with the rise of the People’s Liberation Army in 1949 and shortly thereafter moved the company to its current headquarters in New York City.
Starr handed management of the company over to Maurice R. Hank” Greenberg in 1962. Greenberg expanded AIG’s holdings from mainly personal insurance policies to corporate coverage. American International Group (AIG) was formed in 1967 to include the various American companies. In 1968; Greenberg was officially named Starr’s successor and the company went public in 1969. Greenburg increased company profits substantially by switching from an agent-based model to a structure of independent brokers; therefore saving the company millions in salary costs. Greenberg remained the company’s CEO until he resigned in 2005. AIG stock is now listed on the New York Stock Exchange and on the stock exchanges of Ireland and Tokyo. The company operates in over 130 countries.
AIG auto insurance was sold directly through its subsidiary AIG Direct. They sold motorcycle; car; RV and commercial vehicle insurance. AIG auto insurance was considered reliable. AIG has an extensive network of personal line businesses; including its auto insurance as well as its mortgage guaranty insurance. Also; AIG is the largest underwriter of commercial and industrial service in America. They also underwrite traveler’s insurance. Additionally; the business is a leading provider of life insurance and retirement services. In fact; AIG’s life insurance policies are the most popular in the world.
AIG also has a financial services branch that specializes in aircraft and equipment leasing; capital markets and consumer finance. Moreover; the company’s Asset Management Group businesses include institutional and retail asset management. Broker-dealer services; private banking and spread-based investment business from the sale of guaranteed investment contracts are also part of the Asset Management Group. This branch of the business also serves manages AIG insurance invested assets.
AIG is a global leader in the insurance and financial business. Though it has had some setbacks in recent years; still continues to be a strong company.
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