American International Group
American International Group, Inc. (AIG) (NYSE: AIG, TYO: 8685, ISEQ: AIN) is a major American insurance corporation based in New York City. The company's UK headquarters are in London, its Continental Europe operations are based in Paris and its Asian HQ is in Hong Kong. According to the 2008 Forbes Global 2000 list, AIG was the 18th-largest company in the world. It became part of the Dow Jones Industrial Average on April 8, 2004.
| File:AIG wordmark.svg | |
| Public (NYSE: AIG) (80% owned by U.S. Government) | |
| Industry | Insurance Financial Services |
| Founded | Flag of China (1912–1928).svg |
| Founder | Cornelius Vander Starr |
| Headquarters | File:Flag of the United States.svg 70 Pine Street, New York City, New York |
Area served | Worldwide |
Key people | Robert B. Willumstad (Outgoing CEO) Edward M. Liddy (Incoming CEO) |
| Products | Insurance Annuities mutual funds Financial Products |
| Revenue |  US$ 110.064 Billion (2007) |
| US$ 8.943 Billion (2007) | |
| US$ 5.36 Billion (2nd Quarter 2008) | |
| Total assets | US$ 1.050 Trillion ( 2nd Quarter 2008) |
| Total equity | US$ 78.09 Billion (2nd Quarter 2008) |
Number of employees | 116,000 (2008) |
| Website | www |
On September 16, 2008, the U.S. Federal Reserve Bank announced its plan to lend the insurer $85 billion, U.S. dollars, in exchange for a 79.9% equity stake in the company.[1][2]
AIG announced on the same day that its board accepted the terms of the Federal Reserve Bank's loan offer.[3]
American International Group Media
- North China Daily News Building Shanghai Simon Fieldhouse.jpg
North China Daily News Building on the Bund, Shanghai (elevation): the original home of what became AIG; now the AIA building.
- AIG New York building at dusk.jpg
70 Pine Street was known as the American International Building.
- AIG Headquarters.jpg
Former AIG Headquarters in New York
- Los Angeles Valley, Warner Center, AIG Towers.jpg
The AIG Towers of Woodland Hills, Los Angeles.
References
- ↑ Fed Readies A.I.G. Loan of $85 Billion for an 80% Stake
- ↑ United States Federal Reserve Board of Governors, Press release: Federal Reserve Board, met with full support of the Treasury Department, authorizes the Federal Reserve Bank of New York to lend up to $85 billion to the American International Group (AIG), September 16, 2008
- ↑ "AIG Statement on Announcement by Federal Reserve Board of $85 Billion Secured Revolving Credit Facility: Addresses Liquidity Issues and Policyholder Concerns". American International Group, Inc. 2008-09-17. Retrieved 2008-09-16.