Office address: 1271 Avenue of the Americas, New York, NY 10020
Website: aig.com
Year established: 1919
Company type: financial services
Employees: 25,000+
Expertise: property casualty insurance, risk management, commercial insurance, cyber insurance, group accident and health, captive solutions, management and professional liability, specialty risks, multinational solutions, warranty and service programs
Parent company: N/A
Key people: Peter Zaffino (CEO); Ed Dandridge, Christopher Flatt, Charlie Fry, Keith Walsh, Chris Schaper, and Rose Marie Glazer (EVPs)
Financing status: corporation
AIG (American International Group) is an insurance group in New York that works with clients in more than 200 countries. It offers property casualty insurance, risk management, and financial services, with $24 billion in net premiums written in 2024. The company has a large workforce and a strong presence in both commercial and personal insurance markets.
AIG dates back to 1919, when Cornelius Vander Starr set up American Asiatic Underwriters in Shanghai, China. The company quickly grew, with Nelle Vander Starr joining in 1923 and becoming its first woman executive. By 1926, AIG had opened its first US office in New York City which marked the start of its American story.
AIG moved its main offices to New York City in 1939 because of World War II. It opened offices in Cuba, the UK, and Australia by the late 1950s. In the 1960s, the company was incorporated in Delaware and began trading publicly, which set the stage for even more growth.
AIG made history in 1992 as the first foreign insurer licensed in China in over 40 years. The company also launched one of the first cyber security insurance programs in 1999. The firm then formed a joint venture with Tata Group in India and acquired Travel Guard.
The firm faced a major test during the 2008 financial crisis, receiving government support but repaying it by 2012. The company continued to grow when it acquired Fuji Fire and Marine in Japan and Validus Holdings, Ltd. in 2018.
In recent years, AIG became the title sponsor of the Women’s British Open and helped triple the tournament’s prize money. This highlights its commitment to equality and excellence in sports.
Today, AIG serves clients in about 190 countries and jurisdictions. The company states that it remains dedicated to creating opportunities and raising standards for clients and partners around the world
AIG delivers insurance and investment products for individuals and businesses, using global reach and expertise to meet complex needs:
AIG is also recognized for its strong claims support and global network. The company helps clients manage risk, protect assets, and plan for the future in many markets.
AIG reports that its purpose is to help clients face uncertainty and build confidence for the future. The company says they are shaped by a commitment to learning, trust, and working together, guided by these values:
According to the company, employees are given support and space to grow, with a focus on tackling challenges together. AIG lists several benefits for its staff:
AIG also says that it builds a culture where everyone is respected and included. The company reports it uses fair pay structures and supports career growth for all employees.
Peter Zaffino is the chairperson and CEO of AIG, taking on both roles in 2021 and 2022 respectively. Before joining the firm in 2017, Zaffino held executive positions at Marsh & McLennan Companies and GE Capital. He has a bachelor’s degree from Boston College and an MBA from New York University.
The executive leadership team at AIG brings strong experience in insurance and finance:
AIG’s executive leadership team oversees core functions in marketing, underwriting, reinsurance, finance, risk management, and legal affairs, each led by experienced industry professionals.
AIG welcomed over 120 interns in 2025 to give students real-world experience and build future talent. The company offered hands-on learning in areas like claims, finance, and underwriting, helping interns develop industry skills and professional networks. This program supports its long-term growth by preparing new professionals who understand its business and values.
The company also helped boost the visibility of women’s golf by serving as the title sponsor of the AIG Women’s Open. It helped triple the prize money and secured play on famous courses which made the event more competitive and global. The firm continues its focus on equality and works to lead in supporting women’s sports.
Moody's Investors Service today said it would keep its A3 long-term issuer rating on American International Group Inc. after the insurance company reported its first quarterly profit in nearly two years.
The residential-real-estate market, after virtually falling off a cliff from its apex of a few years ago, is being buoyed by a recent string of positive sales data.
With discussions regarding the sale of the AIG Advisor Group dragging on for months, representatives and financial advisers who are affiliated with the beleaguered broker-dealers of the firm are relieved now that two final bidders have emerged.
American International Group Inc. said today director Harvey Golub will become Monday its non-executive chairman, replacing retiring Chairman Edward M. Liddy. Golub, 70, was elected to the AIG board in May 2009.
The troubled insurer made $1.82 billion during the second quarter ended June 30. Of that, $311 million, or $2.30 per share, was attributable to common shareholders because the U.S. government owns 80% of the company after bailing it out last year.
Goldman Sachs Group Inc., one of the banking industry's top performers, said today that government agencies have asked about its compensation practices and use of credit derivatives.
AIG Investments, the asset management arm of American International Group Inc., is close to being sold to a group that includes private equity firm Crestview Partners for $300 million to $400 million, Reuters reported today, citing a source.
Commonwealth Financial Network of Waltham, Mass., picked up three large offices of reps and advisers who manage $1.25 billion in July, and the advisers are coming from two broker-dealer networks that are being shopped by the insurance companies that own them.
Two private-equity firms with strong ties to retail broker-dealers are the final bidders for the AIG Advisor Group — the network of broker-dealers that houses about 6,000 independent registered reps and investment advisers — and a winner could be determined in the next several days, according to sources.
Insurer American International Group Inc. said on today that it closed the sale of its life insurance premium finance business for $679.5 million in cash.
Prudential Financial Inc. of Newark, N.J., is back in talks with American International Group Inc. to purchase a pair of the beleaguered carrier's Japanese units, according to published reports.
American International Group Inc. today sold most of its ownership in its Russian consumer bank subsidiary.
Former American International Group Inc. Chairman Martin Sullivan misled Congress last year when he told lawmakers AIG’s financial problems were caused by fair-value accounting standards, the chairman of the Financial Accounting Standards Board said today.
President Obama unveiled a systemwide regulatory overhaul Wednesday, measures he hopes will restore confidence in the U.S. financial system and prevent a repeat of the worst crisis to hit Wall Street in seven decades.
