American International Group: American multinational insurance corporation
American International Group, Inc.
The company's UK headquarters are in London, its Continental Europe operations are based in Paris and its Asian HQ is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was the 18th-largest company in the world. It became part of the Dow Jones Industrial Average on April 8, 2004.
Wiki Simple English | |
| Company type | Public (NYSE: AIG) (80% owned by U.S. Government) |
|---|---|
| Industry | Insurance Financial Services |
| Founded | Flag of China (1912–1928).svg |
| Founder | Cornelius Vander Starr |
| Headquarters |  70 Pine Street,New York City, New York |
Area served | Worldwide |
Key people | Robert B. Willumstad (Outgoing CEO) Edward M. Liddy (Incoming CEO) |
| Products | Insurance Annuities mutual funds Financial Products |
| Revenue |  US$ 110.064 Billion (2007) |
| US$ 8.943 Billion (2007) | |
| US$ 5.36 Billion (2nd Quarter 2008) | |
| Total assets | US$ 1.050 Trillion ( 2nd Quarter 2008) |
| Total equity | US$ 78.09 Billion (2nd Quarter 2008) |
Number of employees | 116,000 (2008) |
| Website | www |
On September 16, 2008, the U.S. Federal Reserve Bank announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.
AIG announced on the same day that its board accepted the terms of the Federal Reserve Bank's loan offer.
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