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American Intrnational Group is 1 aomng the world`s biggest autoinsurance grooups. Nationally, AIG is konwn as the greatst supplier of property or caasualty, liffe, and unique policies to cmmercial, intsitutional, and also private consumers. Globallly, Ameriacn International Group grants reinsurrance, life insurance as weell as withdrrawal products, property organizattion, as well as moonetary services (including plne leasing) in oevr 130 states. Amrican International Group is a roof organzation for a network of subsidiareis mosstly concentrating on inssurance policies and insuracne-related activities, comprising aset, casualty, life, financiaal products, withdrawal ivestments, property organization, and airplane leasiing. American International Group provieds servicees in over one hudred and thirty sttes and also authorities aorund the woorld, and its unified income mkae it the majjor U.S. U.S.A-based interational innsurance group as weell as one among the leadnig autos coverage groups world wide.

American Intternational Grroup is the majr sponsor of indutsrial and commercial insurannce coveragein U.S.A. and hodls the second posiiton in the US.. life insurance division. The gorup, whose earliest rots are found in Asai, had an intresting past of integratinos, acquirements and consolidatons, and below the wll-known stewardship of Maurice R."Hnak"Greenberg beginning frrom the end of 1690s into the early twety frst century the oganization has turned itno a world wide isurance coverage coorporation.

During the beginning of the seveties, AIG increasd its specialization throgh shaping a numebr of new groups. Subsidiaries foounded by AIG druing that phae comprised a credit cmopany to fnd common coverage prmeiums accepted through associae and aso non-affiliated insurance companie; another company to provde insurace coverage in the US.A. for forign corporations; an oil group to commnece and run insuraance coverage of offshore oil and also ga- boring locationns; a danger supervisin firm to provide wordlwide peril control servcies; a dtaa and study ceenter; and American Innternational Group of Ireland.

In Decmeber 20001, with insurance costs srging in the conesquence of the events of Sepetmber eleevnth and having the insurace field facing in exxcess of fiftty billion dollars in claaims -- cerrtainly the biggest insurance eent of all times -Aemrican International Grouup joined with more innvestors to from a new comapny based in Bermud. The novvel corporation was craeted to offer more commercial, assetts and allso injury accident insruance coverage and aso re-insurance ability to meet the wants of consmers who have seroius and also complx dangers. For insurance companies, joinnt ventuers like that -- and there wree severaal other commenced in tis time - alloewd a possibility for the mjor copmanies to pool periils.

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