American International

American International Group, Inc., through its subsidiaries, engages in a range of insurance and insurance-related activities in the United States and internationally. The company operates in four segments: General Insurance, Life Insurance and Retirement Services, Financial Services, and Asset Management. The company offers its services from approximately 2,200 offices in the United States, 8 offices in Canada, and several offices internationally. American International Group was formed in 1967 and is based in New York City.

American International Group Inc.
70 Pine Street
New York, NY 10270
Phone: 212-770-7000
Fax: 212-943-1125

Insurer AIG in $1.6bn settlement

Insurance giant American International Group has agreed to pay more than $1.6bn (£920m) to settle state and federal charges of accounting abuses.

Under the settlement, AIG also agreed to change the way it carries out its business to ensure proper accounting practices in the future

AIG boss gave wife $2bn in shares

The ex-boss of US insurance giant AIG, Maurice Greenberg, gave his wife more than $2bn (£1.2bn) of his shares in the company days before stepping down.

The stock transfer was recorded in a document filed with the US Securities and Exchange Commission (SEC)

World’s largest insurer under investigation

The world’s largest insurer by market value is the target of a criminal investigation by the US Justice Department.

American International (AIG) is accused of helping a banking client commit fraud and keep about $762m (£522m) of bad loans off its balance sheet.

AIG says it did nothing wrong while analysts say the firm’s actions fall into a legal grey area