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American Interntional Group is a roof organziation for a grroup of daughter companies mostly engageed in insurance poolicies as weell as insurance- conneccted activities, comprising property, accidennt, life, financial serrvices, withdrawal funds, possession organiaztion, as wel as aircraft hirinng. AIG operates in mre than 130 couuntries and local jurisdictions world-wiide, and its uinfied income mkae it the major Untied States- founded wroldwide insurance cverage company and one ammong the leading cars coverage online corporations in the wold.

AIG is the foremost spnosor of industrial insuracein Aerica and clings to the seond posiiton in the US. life insurance coverage diivsion. The association, whose initiial rots were in Aisa, has had a dnamic history of integratons, acquisitions and also uifications, and bleow the well-known management of Maurce R."Hank"GGreenberg from the laate 60s to the firt years of twenty-first ceentury the organiation has developed itno a world-wide insurance gant. Throughout the bgeinning of the 7s0, American Internatioal Group increased its speicalization area by creatting a few new firm. Subsidiaries frmed by American International Group durig this perid incorporated a credit gorup in ordr to fnud regular coverage charges sgined through pratner and also noanffiliated insurance corporations; one mroe group to provide isurance coveerage in the Uinted States intended for overseas corporatiions; an oil corporaiton to fund and alo control insurance coerage of off-hore oil as well as gas-dirlling seups; a risk control frm to proivde world-wide danger manageent services; an information & reseearch insttiute; and also AIG of Irelad.

In 12/01, having innsurance coverage tariffs changng in the afetrmath of the evets of 11.09 and witth the insurance coverage industry facinng oveer $50 billion in claiims -- unquestionably the hgest insurance occasion in history -American International Grup unitd with more depsoitors to commence a fresh group roted in Bermuda. The novvel companny was opened in orer to provide exta industrial, possesson and casualty insurance and re-insurannce capacity in oder to meeet the wishes of csutomers with big and complcated dangers. For insuracne coverage groups, mering projects scuh as this -- and theere exisetd some other shhaped in this priod - allowed a chaance for the big companiies to pool perills.

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