American International Group Inc AIG

Overview

American International Group, Inc. (AIG) is a leading global insurance organization offering a diverse range of products to commercial, institutional, and individual customers across North America and internationally. The company operates through three main segments: General Insurance, Life and Retirement, and Other Operations. Founded in 1919, AIG has its headquarters in New York, New York, and extends its insurance services worldwide through a comprehensive network of brokers, agents, advisors, banks, and other distributors. Its expansive portfolio caters to both standard and specialized insurance needs, addressing a variety of risks and financial planning requirements.

Products and Services

• General Insurance:

Provides commercial and industrial property insurance, including coverage for business interruption and disasters, general liability, environmental and automobile liability, workers' compensation, and professional liability insurance. Also offers marine, energy, aviation, political risk, trade credit, and crisis management insurance, along with reinsurance business, and personal auto and property insurance.

• Life and Retirement:

Offers a range of products tailored for individual retirement planning, such as variable, fixed index, and fixed annuities, retail mutual funds, and life insurance (term and universal). For group retirement, it provides record-keeping, administrative, and compliance services, alongside financial planning and advisory solutions. The segment also covers institutional markets with products like structured settlements, pension risk transfer annuities, and guaranteed investment contracts.

• Other Operations:

Encompasses various financial services and products beyond the core insurance offerings, designed to meet the specific needs of clients across different regions and sectors. This includes voluntary and sponsor-paid personal accident, supplemental health products, and diverse solutions catering to high net worth individuals and institutional clients.