American International Group, Inc. (AIG) is a multinational insurance and financial services corporation with a storied history. It was founded in Shanghai, China, in 1919, by American businessman Cornelius Vander Starr. The company initially operated as an insurance agency, providing a range of insurance products to American expatriates and local Chinese clients. AIG's presence expanded globally over the decades, and it played a pivotal role in introducing insurance services to many international markets.
Today, AIG is headquartered in New York City, USA, and it operates as a leading provider of insurance, risk management, and investment services worldwide. The company's offerings include property-casualty insurance, life insurance, retirement and financial services, and asset management. AIG serves a wide range of clients, including individuals, businesses, and institutions.
Its status as one of the largest and most prominent insurance companies in the world has made it a significant player in the financial services sector. Over the years, AIG has faced challenges, including the 2008 financial crisis, which led to a government bailout and restructuring.
The company has a global presence with operations in more than 80 countries, offering insurance and financial solutions tailored to the needs of its diverse customer base. AIG's history is marked by its ability to adapt to changing market dynamics and its commitment to innovation. Despite facing various obstacles, AIG has remained a recognizable name in the insurance industry, with its focus on providing protection, security, and financial solutions to its clients.