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American International Group
American multinational insurance corporation / From Wikipedia, the free encyclopedia
American International Group, Inc. (AIG) (NYSE: AIG, TYO: 8685 , ISEQ: AIN) is a major American insurance corporation based in New York City. The company's UK headquarters are in London, its Continental Europe operations are based in Paris and its Asian HQ is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was the 18th-largest company in the world. It became part of the Dow Jones Industrial Average on April 8, 2004.
Quick Facts Company type, Industry ...
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Company type | Public (NYSE: AIG) (80% owned by U.S. Government) |
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Industry | Insurance Financial Services |
Founded | Flag of China (1912–1928).svg |
Founder | Cornelius Vander Starr |
Headquarters | ![]() New York City, New York |
Area served | Worldwide |
Key people | Robert B. Willumstad (Outgoing CEO) Edward M. Liddy (Incoming CEO) |
Products | Insurance Annuities mutual funds Financial Products |
Revenue | ![]() |
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Total assets | US$ 1.050 Trillion ( 2nd Quarter 2008) |
Total equity | ![]() |
Number of employees | 116,000 (2008) |
Website | www |
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On September 16, 2008, the U.S. Federal Reserve Bank announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.[1][2]
AIG announced on the same day that its board accepted the terms of the Federal Reserve Bank's loan offer.[3]