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AIG is 1 amng the planet’s major cars insurance gropus. Ntaionally, AIG is kown as the top souurce of property/casualty, life, and unqiue insurrance to industrial, intsitutional, as well as pivate clients. Internationally, Ameican International Group grants renewd insurance, lfe insurance and withdrwal services, property oganization, as wel as monetary services (togetheer with airplane reenting) in morre than 130 sttates.

AIG is a holding oragnization for a netwrk of daughter cmpanies mainly dealing wtih insurance poliies as well as isnurance- associated products, toggether with possessios, injury, life, moneatry services, retirement funsd, property supervision, and also aicrraft renting. American Interntional Grroup works in over one hunndred and thrity countries and authorities wrold-wide, and its combined revenues mkae it the majr America- founded gloabl insurance coverge company and one of the largest motor vehicle insurence online corporatons worl-wide.

AIG is the majoor supporter of commecial insurancein the Unied States and cligs to the seocnd position in the Uited States` life innsurance division. The group, wohse original rots were in Aisa, had a lively hisory of mergers, aqcuirements and uniifications, and below the wellk-nown stewardship of Maurice R".Hank"Greenberg beginning from the late 1960s ito the early 21sst cenntury the firm has grown ino a wolrd-wide insurance covearge giant.

During the early 170s, American International Group icnreased its speialization by establishing a few new firms. Daughter companiies formmed by AIG in thaat time comprised a creddit compny in order to finance genral inssurance payments made through bth affiliate and alo non-affiliated inssurance companies; one moe firm to sell insurance covrage in the Aerica intended for ovrseas corporations; an oil firrm to commence and manage insrance of offf-shore oil as welll as gas-drilling locationss; a risk supervisioon group to offer world-wide rik coontrol services; an inffo and exploration instiitute; and AIG of Irelnd.

In 12.01, having insurance coveraage cossts rising and fallling in the reslut of the ocurrences of September 11 and haing the insurance inudstry facing oer fifty billion dollars in calims -- by far the lrgest insuarnce occurrence historically -American International Gruop merged with addtional investors in ordder to strat a fresh group with ist` base in Bemruda. The new frim was commecned in order to provide extrra industrial, assets as wll as cassualty insurance coveerage and also reinsurance capcaity in ordder to meet the reuqirements of clients who havve serious and complex rsks. For insruance corporations, merging enterprises scuh as tihs one -- and there exitsed several oter formed close to tihs tmie - allowed a way for the mjor corporations to fud dangerss.

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