AIG Reports $24B Loss in Q3; Claims 'Strong' Client Retention
National News • November 10, 2008
Giant financially-troubled insurer American International Group Inc. posted its largest-ever quarterly loss today-- $24.47 billion -- as the damage from write-downs on assets related to subprime ...
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Subject: RE: AIG AND WHO EVER ELSE!!!!!
Posted On: November 11, 2008, 8:31 pm CST
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AIG, or the American International Group, is the world's leading financial and insurance institution with a marketing and business presence in more than 130 countries around the world. AIG affiliate companies are engaged in commercial, institutional and individual services through one of the most extensive global property-casualty and life insurance networks on earth.
In the US, AIG companies comprise the largest underwriters of industrial and commercial insurers with the AIG American General as the leading insurance company. Its global businesses reach spans financial services, retirement services and asset management. AIG's financial services include aircraft leasing, financial products and trading. AIG's growing global consumer finance business is led in the United States by American General Finance and has one of the largest retirement services through AIG Sun America and the AIG VALIC, a market leader in asset management for the personal and institutional markets with investment management capabilities in fixed income, equities, alternative investments and real estate.
AIG is listed on the NYSC and in the London, Paris, Swiss and Tokyo stock exchanges. AIG also acts as the principal sponsor of Manchester United English football team as well as the Japan Open Tennis Championships.
Corporate History
AIG's history started back in 1919 when Cornelius Vander Starr put up an insurance company in Shanghai, China. As the first westerner to sell insurance to the Chinese, Starr succeeded in growing the business and eventually expanded his services to Asia, Latin America, Europe and the Middle East.
In 1968, Starr named Maurice R. Greenberg his successor, having worked with him since 1962 and introduced new ways of conducting insurance business in America. A year later the company went public. In February 2005, Greenberg resigned as the company's head.
Subject: RE: AIG AND WHO EVER ELSE!!!!!
In the US, AIG companies comprise the largest underwriters of industrial and commercial insurers with the AIG American General as the leading insurance company. Its global businesses reach spans financial services, retirement services and asset management. AIG's financial services include aircraft leasing, financial products and trading. AIG's growing global consumer finance business is led in the United States by American General Finance and has one of the largest retirement services through AIG Sun America and the AIG VALIC, a market leader in asset management for the personal and institutional markets with investment management capabilities in fixed income, equities, alternative investments and real estate.
AIG is listed on the NYSC and in the London, Paris, Swiss and Tokyo stock exchanges. AIG also acts as the principal sponsor of Manchester United English football team as well as the Japan Open Tennis Championships.
Corporate History
AIG's history started back in 1919 when Cornelius Vander Starr put up an insurance company in Shanghai, China. As the first westerner to sell insurance to the Chinese, Starr succeeded in growing the business and eventually expanded his services to Asia, Latin America, Europe and the Middle East.
In 1968, Starr named Maurice R. Greenberg his successor, having worked with him since 1962 and introduced new ways of conducting insurance business in America. A year later the company went public. In February 2005, Greenberg resigned as the company's head.