American Intl Group

American International Group, Inc. (AIG) is one of the world's leaders in insurance and financial services. AIG was founded in 1919 by Cornelius Vander Starr in Shanghai, China. In 1962, management of the company's U.S. holdings was given to Maurice R. "Hank" Greenberg.
Greenberg shifted the company's U.S. focus from personal insurance to corporate coverage. He also focused on independent brokers, rather than agents, for selling insurance. Starr named Greenberg his successor in 1968. AIG went public in 1969. Greenberg resigned as the company's CEO in February 2005.

AIG president and chief executive Martin J. Sullivan announced on 6 April, 2006 that AIG is the new shirt sponsor of English soccer team Manchester United, signing a 4-year deal (the longest to date in Britain). The mission of AIG is to focus on their business model of underwriting profit.

The company works on initiatives in the following areas:
– Environmental
– Community
– Human Resources
– Disaster Relief
– Investments
– Facilities
– Corporate Governance
– Legal
The company is committed to supporting its role as an ethical corporate citizen.

The four principle business areas of AIG are: – General Insurance
– Life Insurance and Retirement Services
– Financial Services
– Asset Management

For the individual consumer, business, financial professional or insurance professional, AIG provides:
– Accident and Health insurance
– Auto insurance
– Life insurance
– Banking and loans
– Retirement Services
– Travel insurance
– Additional services
– Annuity
– Claims
– Fidelity
– High Net Worth individual products
– Homeowners insurance
– Investments and Financial services
– Environmental Coverages
– Management Liability
– Primary Casualty
– Professional Liability
– Worker's Compensation
– Aviation
– Business Property Coverages
– Construction Specialty Insurance
– Crisis Management
– Employee Benefits
– Energy
– Excess Casualty
– Fidelity
– Financial Lines
– Mergers and Acquisitions
– Political Risk
– Property and Casualty
– Reinsurance
– Risk Finance Solutions
– Risk Management Services
– Surety
– Terrorism and Crisis Management Coverages
– Trade Credit
– Mutual Funds
– International Insurance
– Loss prevention and Consultancy
– Sports risk solutions
Key Statistics:
– AIG holds assets of $853.37 billion.
– AIG made a profit of $10.47 billion in 2006.
– AIG operates in more than 130 countries, and employs 97,000 people.
Organization
The organizational structure consists of: – Board of Directors
– Board Committees