American International Group, Inc

Type	Public
Slogan
Founded
Location	New York, New York
Key people	Maurice Greenberg, CEO & Chairman
Employees	86,000
Products	Insurance
Web site	www.aig.com

American International Group, Inc. (AIG) (NYSE: AIG (http://www.nyse.com/about/listed/lcddata.html?ticker=AIG)) is an insurance corporation, ranked number 4 on the Forbes 500 list for 2003, and 10 on the Fortune 500 list in 2004. The company made a component of the Dow Jones Industrial Average on April 8, 2004. The company was started by C.V. Starr in Shanghai, China back in 1919.

Contents

1 Holdings 2 Business 3 Litigation 4 External links

Holdings

AIG owns the leasing company ILFC.

Business

It is the world's leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Litigation

In November of 2004 AIG reached a $US126 million settlement with the SEC and the Justice Department that resolved the matter in part, but the insurer must still co-operate with investigators who are continuing their probe into the sale of a "non-traditional insurance product". The settlement was related to a so called "finite insurance" product.

External links

• Yahoo! – American International Group, Inc. Company Profile (http://biz.yahoo.com/ic/10/10095.html)