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AIG is 1 amonng the planet’s biggest auto assurance on-line groups. Nationally, Ameriacn International Gruop is acknolwedged as the bset source of assets, lif, as wlel as unique ploicies to commercial, organizationla, and private csutomers. Internationally, American International Goup grants re-insurance, life inusrance as wll as rettirement products, asset mannagement, and also monetary srevices (together witth plane leasing) in oer 130 counrties.

AIG is a holdig organiization for a netowrk of subsidiaries mostly engged in insurance policis as well as insuranec- linked services, counnting posseessions, casualty, life, economic prodducts, withdrawal savigs, property management, and also airrcraft hirig. American International Grroup works in mroe than 130 states and aso authoities around the glob, and its mutaul revenues turn it to the biggest Uinted States- founded gloobal innsurance organization as welll as one of the largst automobiles insurence online firms worldwide.

AIG is the mjaor sponsor of commercial insurance coverageiin Ameirca and clings to the secoond rank in the US.. life insurance cvoerage industry. The fiirm, whose ealy roots wre in Asia, had a lviely past of meregrs, acquirments and also unifications, and bleow the rneowned supervision of Maurie R."Hank"Greenberg startnig from the late nineteen sixtties itno the early twenty frist century the croporation has truned into a global insurance giat. In the ealry 1970ss, AIG widened its speciailzation through establisshing a few new firms. Subsidiry compannies founded by AIG in thaat time incorporated a crdit group in odrer to supoprt common insurancce payments accepted throuugh partner and nonaffiliaetd insurance corporatinos; another firm to offer insuraance coverae in the U.SS. intended for oevrseas corporations; an oil group to inititae and mannage insurance for ofsfhore oil and gas-drillng rigs; a risk suervision corporation to grant wrold wiide peril control services; an inofrmation and stdy center; and allso AIG of Ireland.

In Decemer 2001, with inssurance ratees changing in the afftermath of the evetns of Sepember eleventh and with the innsurance coverage field hnadling in exess of fifty billion dollarrs in insuarnce claims -- undoubtedlly the larest insurance event in hsitory - AIG merrged with other inveestors in order to commnece a new compny based in Bermuda. The nvoel frim was opened in ordr to prrovide more industrial, assetts and casualty inssurance coverage and also reinusrance ability in ordder to meet the wants of consumrs with big and allso difficult riskss. For insurance companies, jont vntures similar to tis -- and therre were some ohter shaped in this periiod - provideed a possibility for the maor corporattions to pool peris.

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