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.
The Obama administration today unveiled a sweeping overhaul of the financial system designed to impose greater regulation on major players like hedge funds.
The Federal Reserve's chairman and the secretary of the treasury are making a rare joint appearance at a congressional hearing, to take a scolding over AIG.
The Obama administration launched a new effort Monday to end a paralysis in lending, saying it will team with investors to sop up a half-trillion dollars of bad assets from banks that have been reluctant to make loans to consumers and companies.
New Jersey Attorney General Anne Milgram said yesterday that her office is spearheading an investigation into the bonuses paid to workers’ at American International Group Inc.’s financial-products unit.
Iowa Sen. Charles Grassley suggested that AIG executives should accept responsibility for the collapse of the insurance giant by resigning or killing themselves.
Ameriprise Financial Services Inc. is among the four suitors expected to put in a bid for American International Group Inc.’s broker-dealer businesses by the end of the month, according to The Deal.
The government on Monday unveiled a revamped rescue package to insurance giant American International Group and will provide the troubled company another $30 billion on an "as needed" basis.
Ratings agencies today painted a bleak outlook for AIG, following news of the insurer’s massive fourth-quarter loss and an additional $30 billion lifeline from the U.S. government.
In their bid to buy AIG’s American International Assurance Co. Ltd., Manulife Financial Corp. and Prudential PLC may pay cash and shares to but the Asian unit.
Insurers have begun bidding for American Life Insurance Co., the life insurance unit of American International Group Inc.
The AIG Advisor Group has reached the end of a dispute with the SEC over a manager who oversaw brokers selling Class B shares of mutual funds instead of selling A shares, which would have entitled buyers to certain discounts.
Advisers are admitting now more than ever before that insurers’ solvency and financial strength are at the forefront in their minds when they recommend products.
