AIG - AIG
American International Group, Inc. (NYSE: AIG) has a unique beginning in that it was founded by American businessman Cornelius Vander (C.V.) Starr in Shanghai, China in 1919.
The company headquarters was moved to New York City in 1949 when the war broke out and Shanghai was in the sights of Mao Zedong. AIG is remains based in New York City since that time.
AIG offers products through four core businesses: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management, both in the United States and internationally.
The general insurance line of AIG underwrites insurance for individual, business and institutional customers concerning life insurance, property-casualty and retirement services insurance.
Some recent transactions by AIG has been to sell its 50 percent stake in London City airport; selling it's residential mortgage-backed securities portfolio; and to sell off EMI Ltd.; all of this since early 2008.
Stock Symbol / Ticker:
Ameriacn International Group Inc., now eager to show investors that it has nearly made a full recovery since the onset of the economic downturn, will potentially face questions regarding its property-...
United States (Feb 24th, 11)
AIG (NYSE:AIG), now ignorantly owned by the U.S. government, may have to wait some time before they close the books on bonuses originally going to be paid out to former employees of $21 million, which...
Insurance (Mar 15th, 10)
Shares of insurance giant American Insurance Group (AIG) continued to rally today. AIG is up over 12% today in early trading rising to $36.80 per share. The move higher may be based on greater in...
Insurance Industry (Mar 10th, 10)
The recent quarterly report for AIG (NYSE:AIG) had them losing $8.87 billion, while they stated their core insurance business is still very weak, while costs increased due to paying back loans from th...
Financials (Feb 28th, 10)