American Intl Group Net Worth is$50.3 B
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Type: Public company
Traded As: AIG, S&P 500
Industry: Insurance, Financial services
Foundation: Shanghai, China (1919)date
Founder: Cornelius Vander Starr
Location City: 180 Maiden Lane, New York City
Location Country: , New York, United States
Key People: Bob Benmosche, [http://www.businessinsurance.com/apps/pbcs.dll/article?AID
Area Served: Worldwide
Products: Annuity (US financial products), mutual funds
Revenue: 077.301 1000000000 (number) (2010) Operating Income: 017.936 billion (2010) Net Income: 007.786 billion (2010) Assets: {{Decrease US$ 683.443 billion (2010)}} Equity: num employees
Homepage: {{URL/http://www.aig.com//AIG.com
American International Group, Inc. NYSE: AIG, also known as AIG, is an American multinational insurance corporation. Its corporate headquarters is reported as 180 Maiden Lane in New York City (was formerly in the American International Building in New York City). The British headquarters office is on Fenchurch Street in London, continental Europe operations are based in La DA(C)fense, Paris, and its Asian headquarters office is in Hong Kong. According to the 2011 Forbes Global 2000 list, AIG was the 29th-largest public company in the world. It was listed on the Dow Jones Industrial Average from April 8, 2004 to September 22, 2008.
AIG suffered from a liquidity crisis when its credit ratings were downgraded below "AA" levels in September 2008. The United States Federal Reserve Bank on September 16, 2008 created an $85 billion credit facility to enable the company to meet increased collateral obligations consequent to the credit rating downgrade, in exchange for the issuance of a stock warrant to the Federal Reserve Bank for 79.9% of the equity of AIG. The Federal Reserve Bank and the United States Treasury by May 2009 had increased the potential financial support to AIG, with the support of an investment of as much as $70 billion, a $60 billion credit line and $52.5 billion to buy mortgage-based assets owned or guaranteed by AIG, increasing the total amount available to as much as $182.5 billion. AIG subsequently sold a number of its subsidiaries and other assets to pay down loans received, and continues to seek buyers of its assets.
AIG history dates back to 1919, when Cornelius Vander Starr established an insurance agency in Shanghai, China. Starr was the first Westerner in Shanghai to sell insurance to the Chinese, which he continued to do until AIG left China in early 1939a??as Mao Zedong led the advance of the Communist People's Liberation Army on Shanghai. Starr then moved the company headquarters to its current home in New York City. The company went on

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