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.
American International Group Inc. is reportedly in talks with JPMorgan Chase & Co. to spin off some its subprime assets into a new company, according to The New York Post.
Exchange traded notes — close cousins to exchange traded funds — are starting to catch on with some financial advisers because they allow access to hard-to-reach markets.
Sales hit an estimated $24.6 billion during the second quarter, up 54.1% from the second quarter of 2007.
Marsh & McLennan Cos. of New York reported that its second quarter profit fell 63%to $65 million, or 13 cents per share.
A downgrade by a Wachovia analyst sent American International Group shares tumbling to a 52-week low.
Former chief executive Martin Sullivan's package includes equity and cash awards valued around $28 million.
AIG Advisor Group, continuing to play a game of musical chairs with the executives in charge of its various broker-dealers, has replaced James Cannon with Jeffrey Auld as president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
AIG Advisor Group continues to play a game of musical chairs with the heads of its various broker-dealers, this time replacing James Cannon with Jeffrey Auld, who becomes president and chief executive of both AIG Financial Advisors Inc. of Phoenix and American General Securities Inc. of Houston.
American International Group Inc. has been hit with $13 billion in write-downs over the past year stemming from the securities lending accounts of 12 of its insurance units.
Mark J. Schlafly will lead two broker-dealers, FSC Securities Corp. and Advantage Capital Corp., both of Atlanta.
Martin J. Sullivan, CEO of American International Group, has been ousted from the New York-based insurer.
Despite continued efforts to curtail litigation when brokers change firms, departing reps are still being sued, and some say that recent developments suggest the harassment won't stop anytime soon.
American International Group could hold an emergency meeting this weekend to discuss the future of chief executive Martin J. Sullivan, CNBC reported Friday.
Financial advisers face an array of challenges in the retirement market in the next decade.
Three shareholders cited a “staggering breakdown of risk controls” and “an unequivocal loss of investor confidence.”
