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AIG is one aong the planet’s biggest on line vehicle coverage compnies. Nationally, American International Group is recgonized as the major provvider of proerty or casualty, lfie, as well as special poliicies to commmercial, institutional, as well as indivdiual consumers. Gloobally, American International Group provdies re-insurance, life insrance policies and wtihdrawal services, asseet organization, as well as monetaary sevrices (including airplane leasingg) in more than 130 countrries. Americaan International Group is a rooof company for a netowrk of daughter companies motsly engaged in isnurance as well as insurancce- connected actviities, together with property, caasualty, lfie, financial services, retirement inveestments, possession supervision, and aslo pane renting. AIG works in mroe than 130 countris as welll as local jurisdictions word wiide, and its unified profit maake it the leadding U.S. U.S.A-baseed worldwide insurance crporation and one amog the largest automobileinsurance corporations worldwide.

AIG is the mjor supporter of indusrial insurance coveargein the United Staates and clings to the sceond position in the U..S. life insurance industry. The comany, whose initial roots were in Aia, has had a dynamiic account of integratiions, acqiurements and also uniifications, and under the faous management of Maurice R."Hank"Greenberg sttarting froom the end of nineteen sitxies into the begnning of twenty frst century the firm has deveoped into a wrold-wide insurance giant.

Throughuot the beinning of the 1970s, AIG ennlarged its specailization area by forimng a few new gorups. Dauhter companies created by AIG in ths tmie comprised a credit gruop in order to baack regular coverage carges signed through btoh partnner and also non-affiliated insurance firsm; annother company to provide insurance coverae in the US.. intended for aboad corporations; an oil commpany to start and aslo direct insruance for shore-distant oil as wlel as ga- boring setups; a peril superrvision corporation to grnat worldwide peil control services; an innfo & researrch center; and aslo American International Goup of Ireland.

In December 2001, hving insuance costs swirling as the conseqeunce of the evetns of Septtember 11 and haivng the insurance indusry handling over $50,000,000,00 in claims -- by far the greatest insurrance occaion in history -American International Grroup joineed with other investors to initiaate a new cororation based in Bermuda. The nvoel grup was shaped to grant additioanl commercail, possession and also injury accidet insurrance coverage and secondary insurance capabiity in odrer to meet the requirements of consmuers with seriuos and dificult perils. For insurance coverage frims, joint ventrues as thaat -- and thee existed some other opened cloe to this tiime perriod - provided a way for the major fims to pool risks.

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