AIG
Organizations & Companies abbreviation · Company and Brand
| Stands for | American International Group |
|---|---|
| Categories | Organizations & Companies |
AIG stands for American International Group, a company and brand abbreviation.
American multinational insurance company offering commercial property and casualty insurance. Headquartered in New York City.
Example: AIG shares fell after the insurer reported higher catastrophe losses.
Usage notes
Founded in Shanghai in 1919 by Cornelius Vander Starr, who moved the business to New York in 1939 before the Communist revolution. During the 2008 financial crisis the US government rescued AIG with a package worth up to about $182 billion, which was fully repaid with a profit by 2012. It spun off its life and retirement business as Corebridge Financial in 2022.
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