Understanding AIG: A Cornerstone of the Global Insurance Industry
When discussing major players in the global insurance industry, few names resonate as strongly as American International Group, Inc., commonly known as AIG. Founded in 1919, AIG has grown to become one of the largest and most influential insurance companies in the world. This blog will explore the history, scope, and impact of AIG, highlighting its key contributions and the challenges it has faced.
A Brief History of AIG
AIG's story began in Shanghai, China, where Cornelius Vander Starr founded a modest insurance agency. The company quickly expanded, moving its headquarters to New York City in 1949. By the mid-20th century, AIG had established a presence in over 130 countries, offering a diverse array of insurance products and financial services.
The 1980s and 1990s marked a peri...