About the company
American International Group (AIG) has a rich history that spans nearly a century. Founded in Shanghai, China in 1919 by American entrepreneur Cornelius Vander Starr, AIG initially operated as a general insurance agency. Over the years, the company expanded its operations and became a leading player in the insurance industry. In the 1960s, under the leadership of CEO Maurice R. "Hank" Greenberg, AIG embarked on an aggressive international expansion strategy. The company entered new markets and acquired insurance companies around the world, establishing a global presence. This ambitious approach laid the foundation for AIG's future success. A watershed moment in AIG's history occurred in the 1980s when the company moved its headquarters from New York to its current location in New York City's financial district. This strategic decision positioned AIG at the heart of the global insurance and financial services industry and aligned the company with the world's leading financial institutions. Over the years, AIG diversified its offerings and expanded into various sectors of the insurance industry. Property and casualty insurance became a core business, providing coverage for businesses, individuals, and government entities against property damage, liability claims, and other risks. Additionally, AIG established a strong presence in the life insurance market, providing financial protection and investment solutions to individuals and families worldwide. Recognizing the changing dynamics of the insurance industry, AIG made strategic decisions to optimize its business structure. One such move was the spin-off of its life insurance operations into a separate entity called Corebridge. This spin-off allowed AIG to focus on its core lines of business, including property and casualty insurance. Although AIG retains a majority stake in Corebridge, the separate entity provides the opportunity for more focused operations and enhanced profitability. Today, AIG continues to be a global force in the insurance and financial services industry. The company operates through a vast network of subsidiaries and affiliates, serving clients in over 80 countries. AIG's dedication to customer-centric solutions, innovative products, and risk management expertise has earned it a strong reputation in the market. As a leader in the industry, AIG remains vigilant in identifying emerging risks and developing solutions to address them. The company's commitment to innovation is reflected in its investment in cutting-edge technologies like artificial intelligence and data analytics, enabling it to better understand risks and tailor insurance solutions accordingly. In an increasingly interconnected world, AIG recognizes the importance of staying ahead of evolving risks, such as cybersecurity threats, climate change, and emerging technologies. By leveraging its global footprint and expertise, AIG aims to provide comprehensive protection and ensure the financial security of its clients. Looking ahead, AIG is well-positioned to capitalize on opportunities driven by market trends and evolving customer needs. With a history of adaptability and resilience, the company remains committed to delivering value to its clients, shareholders, and employees while maintaining its status as a global insurance and financial services leader. Through its subsidiaries, including the majority-owned Corebridge, AIG aims to continue its legacy of excellence and innovation in the years to come.
Data updated: June 2, 2026
