AIG Analyis
Dillon O’Hare
Jade Denison
Background
Who is AIG?
American International Group, Inc. (AIG) is a leading provider of insurance and retirement solutions. Headquartered in New York City, AIG has principal offices for its international operations located in London, Hong Kong and La Defénse. AIG companies serve commercial, institutional and individual customers in more than 130 countries and employs 63,000. Through its multiple company segments, AIG also provides services in the life insurance and retirement services industries. AIG is divided into three major segments. These segments include The Chartis segment, SunAmerica Financial Group, and Aircraft Leasing. The Chartis segment offers a broad range of casualty and liability insurance products on various commercial, institutional, and individual levels. The SunAmerica Financial Group offers life insurance and retirement services including, term and universal life, accident and health, variable and fixed annuities, as well as mutual funds and other financial planning products. The final segment, Aircraft Leasing, acquires and leases commercial jet aircrafts to various airlines.
Brief History:
AIG first started out in Shanghai by a young American entrepreneur named Cornelius Vander Starr in 1919. He founded the AAU, or American Asiatic Underwriters, which was a small insurance agency that represented a few American insurance companies based in Shanghai. Seven years later, in 1926, Starr founded the American International Underwriters (AIU) in New York, which was his first office in America. By 1933, Starr decided to move his companies’ headquarters to New York permanently because of World War II. AIU rapidly expanded across 75 countries during the 1950’s. As it’s known today, AIG, was formed in the 1960s, when American Home began to be an important commercial and industrial property and casual insurer. Through out the 1980s and into the 90s AIG continued diversification of financial services.
Jade Denison
Background
Who is AIG?
American International Group, Inc. (AIG) is a leading provider of insurance and retirement solutions. Headquartered in New York City, AIG has principal offices for its international operations located in London, Hong Kong and La Defénse. AIG companies serve commercial, institutional and individual customers in more than 130 countries and employs 63,000. Through its multiple company segments, AIG also provides services in the life insurance and retirement services industries. AIG is divided into three major segments. These segments include The Chartis segment, SunAmerica Financial Group, and Aircraft Leasing. The Chartis segment offers a broad range of casualty and liability insurance products on various commercial, institutional, and individual levels. The SunAmerica Financial Group offers life insurance and retirement services including, term and universal life, accident and health, variable and fixed annuities, as well as mutual funds and other financial planning products. The final segment, Aircraft Leasing, acquires and leases commercial jet aircrafts to various airlines.
Brief History:
AIG first started out in Shanghai by a young American entrepreneur named Cornelius Vander Starr in 1919. He founded the AAU, or American Asiatic Underwriters, which was a small insurance agency that represented a few American insurance companies based in Shanghai. Seven years later, in 1926, Starr founded the American International Underwriters (AIU) in New York, which was his first office in America. By 1933, Starr decided to move his companies’ headquarters to New York permanently because of World War II. AIU rapidly expanded across 75 countries during the 1950’s. As it’s known today, AIG, was formed in the 1960s, when American Home began to be an important commercial and industrial property and casual insurer. Through out the 1980s and into the 90s AIG continued diversification of financial services.