Highlights
Provides reinsurance, life insurance and retirement services, asset management, and financial services in more than 130 countries.
Expanding its operations in developing markets such as India, Russia, and Vietnam, as well as the Middle East.
Investigations at the state and federal level over accounting irregularities, fraud, and its use of offshore reinsurers resulted in the firing of executives in 2007.
American International Group (AIG) is one of the world's largest insurance firms. In the US, the company is known as a leading provider of property/casualty, life, and specialty insurance to commercial, institutional, and individual customers. Internationally, AIG provides reinsurance, life insurance and retirement services, asset management, and financial services in more than 130 countries. Through acquisitions, AIG has also developed AIG Retirement Services and AIG American General.
AIG has a strong presence overseas, particularly in Asia. The company established the only wholly-owned foreign life insurance operation in China. AIG's growth plans include expanding its operations in developing markets India, Russia, and Vietnam, as well as the Middle East; AIG has established operations in Bahrain which offer insurance products designed to comply with Islamic law.
AIG has also been muddled in two investigations at the state and federal level over accounting irregularities, fraud, and its use of offshore reinsurers. The investigations peaked in 2005 and 2007, and resulted in the firing of executives.