AIG

American International Group, commonly known as AIG, is a multinational finance and insurance company headquartered in New York City. It provides a wide range of insurance products and financial services, including property and casualty insurance, life and retirement services, and asset management, serving individual customers, businesses, and institutions around the world.

AIG traces its origins to 1919, when Cornelius Vander Starr founded American Asiatic Underwriters in Shanghai. The firm expanded internationally and was reorganized as American International Group, Inc. in the United States during the 1960s. The following decades saw AIG broaden through acquisitions and become one of the world's largest insurers.

AIG's business is organized into segments that include General Insurance, covering property and casualty products; Life and Retirement, offering life insurance and retirement solutions; and Other Operations, which includes asset management and legacy or runoff businesses. The company operates in more than 80 countries and regions and employs tens of thousands of people.

During the global financial crisis of 2008, AIG required a government rescue package, receiving about $182 billion in assistance from the U.S. government under the Troubled Asset Relief Program. The company subsequently restructured, repaid funds, and the U.S. Treasury fully divested its AIG stake by December 2012. Since then, AIG has continued to operate as a major global insurer and financial services provider.