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American International Group

American International Group
Company nameAmerican International Group, Inc.
Company typePublic
IndustryInsurance, Financial services
FoundedShanghai, China (1919)
Founder(s)Cornelius Vander Starr
HeadquartersAmerican International Building, New York City
Area servedWorldwide
Key peopleBob Benmosche
(President & CEO)
Robert Miller (Chairman)
ProductsInsurance annuities, mutual funds
Revenue(+) US$  77.301 billion (2010)
Operating income(+) US$  17.936 billion (2010)
Net income(+) US$  7.786 billion (2010)
Total assets(-) US$ 683.443 billion (2010)
Total equity(+) US$ 113.239 billion (2010)
Employees63,000 (2010)

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American International Group, Inc. ( ) or AIG is an American multinational insurance corporation. Its corporate headquarters are located 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 Défense, 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.

American International Group Video

Fiat Group vehicles at the 2010 North American International Auto Show Detroit
3.30 min. | 4.94 user rating		 This video highlights how the Obama administration and Congressional leadership protected the American International Group (AIG) bonuses and faked shock after the fact. The ad also reveals that Sen. Chris Dodd and President Obama each received more than $100000 from AIG in 2008. It will air on FOX News, CNN, CNN Headline News, CNBC and FOX Business Network.
0.67 min. | 4.64 user rating		 Obama's MASSIVE "redistribution of wealth" (theft) continues. This time they will steal 2 TRILLION DOLLARS worth of real estate from the banks... and they will "buy" it with money loaned to them by YOU, the taxpayer! Here's the scoop from NYT: www.nytimes.com banks CitiGroup Bank of America American International Group AIG C BAC TARP bail out melt down mortgage crisis Obama robbery theft bank job looting
4.77 min. | 3.91 user rating		 CoCo Lee æç(Li Wen) 2010 East to West ä¸çå·¡è¿´æ¼å±æ- å°åå°å·¨è03.27 (Taipei Arena East to West Live in Concert) 大åæåå®æ¹å®£å³ç­çMusic Group Nation Official Promo Video. The song appear in video clips: 1. Ready or Not 2. å¾æ¥æ(Past Love / Wang Ri Qing) 3. No Doubt 4. æ³ä½ ç365天(Miss You in 265 Days / Xiang Ni De 365 Tian) 5. BYOB 6. DiDaDi 7. æè¦ç¾å¨(Love Now / Maybe / Ai Yao Xian Zai) [ COCO æçEast to West æ±è¥¿ä¸çå·¡è¿´æ¼å±æ2010 ] ç½é12å¹´ï¼åé天åCOCO以ç¾è®æ§æé ååç«ç±èè¹å度å±éä¸çå·¡è¿´åå±ãæ´åæ¼å±æ以ä¸åå ´æ¯æäºè²«ç©¿å¨å ´ï¼ï½¢æ±ï½£ï½¢è¥¿ï½£èåï¼åå¥æ¯å滿éæ¼çï½¢ä¼ç¸åçå¤å¨ï½£ãå¤è²å¤é¦æ²æµ´ç§ï½¢æ¥è²´å¦ï½£ãæèªå¼µå¦è±çï½¢æªä¾çååè±åï½£ãææ·èææ·çï½¢è±æ¨è­çæ°ç«ï½£ï¼éæå¼æç¾å¨çç°ä¿ä¸»é¡ï½¢ç°ä¿çæªä¾ï½£ãæ令人æå¾çï½¢è­æ¯çæå大éï½£ã以åæå¾å®å¯é«æ½®ï½¢æ±å©é²è¡æ²ï½£ï¼ä¸å¤§å ´ç§ä¸æ°£åµæï¼çµç¡å·å ´ï¼èä¸åå ´æ¯éåä¸æ¬¾ä¸»é¡å¼æè£ï¼å¨COCOç©¿è«ä¹å¾è®åæ13å¥é åï¼æ¯å¥é åéåCOCOåå¸å¾ç¿¹çç«è¾£èº«æï¼é¤äºè®äººç¼è±æ©äºï¼æ§æææ¸æ´æ¯ç ´è¡¨ï¼ å°åé¦å ´å·²è¢«å ªç¨±çº2010å¹´å°å·¨èæ¼å±æ中èè¹æå¼·ãé åæç«ãé³æ¨ææ£çãCOCO East to Westæ±è¥¿ä¸çå·¡è¿´æ¼å±æãï¼ç±é¦æ¸¯æé å°è£½ä½ç­åºãææ¼å±æï½¢é»ééµä¸è§ï½£è¯ææé ï¼åå¥æ¯ï¼é³å¥è¿ãé³æ§ç³æ¼å±æç­å¤©ç天åæ御ç¨çé å師é³è¯åã製ä½ç¡æ¸æ­ææ¼å±æçéçé³æ¨ç¸½ç£Terry Chanãæé é­å¯åæ¼å±æ精彩èè¹çç·¨èè師Sunny Wongï¼ä»¥åæ¾çºé­å¯åç²¾å¿æé ç360度æè½ç«é«èå°ï¼éæ¿ä¸å¥å士ä¸çç´éçå°æ¼Jack Lamï¼å¨é½æ¯å¤©çç´ç製ä½é£å®¹éåï¼å°±æ¯è¦æé åª²ç¾ææ¯ç¶­å æ¯çå°æ¥­å¤§åç§ï¼æCOCOçæ­èï¼èååæãç¹æï¼è®æ­è¿·å®å¦ç½®èº«æ¼å¥½èå¡¢ç¾èå¯ä¸æ¨£ç²¾å½©ï¼ COCO LEE EAST TO WEST WORLD TOUR <b>...</b>
6.05 min. | 5.0 user rating		 Oct 7 - US Lawmakers criticized American International Group on Tuesday for ignoring financial warnings and for lavish spending.AIG'S troubles stem from guarantees it wrote on mortgage-linked derivatives that resulted in $18 billion in losses over the last three quarters. Jon Decker reports.
1.10 min. | 4.5 user rating
Feb 11 - US stocks started the week with optimism as investors ditched early worries sparked by credit concerns at leading insurer American International Group.
1.83 min. | 4.0 user rating		 Sep. 15, 2008. Nation's largest insurer hit by credit raters as it tries to raise cash. Fed asks Goldman and JPMorgan Chase to raise $70 billion for firm. Shares end down 61%. ------------- The pressure on American International Group reached fevered pitch on Monday night as the troubled insurer was hit by a series of credit rating downgrades. The cuts could prove deadly to AIG, the nation's largest insurance company, which is scrambling to raise much-needed capital. Late Monday night, Moody's Investors Service and Standard & Poor's Ratings Services each said they had lowered their ratings. A few hours earlier, Fitch Rating had also downgraded AIG, saying the company's ability to raise cash is "extremely limited" because of its plummeting stock price, widening yields on its debt, and difficult capital market conditions. The downgrades will make it more expensive for AIG to issue debt and harder for it to regain the confidence of investors. Fitch said AIG could be required to post $10.5 billion of additional collateral if it was downgraded one notch by one of the other major rating agencies and $13.3 billion of collateral if downgraded by both, Fitch said in a statement, citing AIG's July 31 estimates. The grim assessments came after a day in which state and federal officials raced to help the insurer gain access to much needed cash. The company has lost more than $18 billion in the past nine months. The credit downgrades could doom its business. Source: money.cnn.com
2.23 min. | 5.0 user rating		 President Obamas pay czar Kenneth Feinberg announced the United States government will interfere in the pay compensation structure among private companies. These are banks that accepted or were forced to accept TARP (Troubled Asset Recovery Plan) money. - Pay Czar Kenneth Feinberg appointed by President Obama, reports to Treasury Secretary Timothy Geithner. These banks that were in trouble were so because of government mandated and threatened actions. It was the government who ordered the banks to write bad mortgage loans to people who would not have otherwise received such loans. Because of their credit history or other financial reason would not have qualified. After years of writing these government forced bad loans the system collapsed, thus forcing the government to bail out these institutions that were in trouble because of Uncle Sam. Plus some banks refused TARP money, however were forced to accept it. Now the very government responsible for these bad loans now is telling these banks what their pay and compensation structure should be. The Obama administration getting away with the above pay interference then decided to restrict the pay of any company in the USA they deemed to be taking risk or at risk. See The Washington Post article: www.washingtonpost.com A business taking a risk is the essence of capitalism. Whenever a company adds a product or service to the market, they are taking a risk .This is an outright attack upon capitalism in the USA. Capitalism has <b>...</b>
3.90 min. | 4.32 user rating		 Sep. 15, 2008. Nation's largest insurer hit by credit raters as it tries to raise cash. Fed asks Goldman and JPMorgan Chase to raise $70 billion for firm. Shares end down 61%. ------------- The pressure on American International Group reached fevered pitch on Monday night as the troubled insurer was hit by a series of credit rating downgrades. The cuts could prove deadly to AIG, the nation's largest insurance company, which is scrambling to raise much-needed capital. Late Monday night, Moody's Investors Service and Standard & Poor's Ratings Services each said they had lowered their ratings. A few hours earlier, Fitch Rating had also downgraded AIG, saying the company's ability to raise cash is "extremely limited" because of its plummeting stock price, widening yields on its debt, and difficult capital market conditions. The downgrades will make it more expensive for AIG to issue debt and harder for it to regain the confidence of investors. Fitch said AIG could be required to post $10.5 billion of additional collateral if it was downgraded one notch by one of the other major rating agencies and $13.3 billion of collateral if downgraded by both, Fitch said in a statement, citing AIG's July 31 estimates. The grim assessments came after a day in which state and federal officials raced to help the insurer gain access to much needed cash. The company has lost more than $18 billion in the past nine months. The credit downgrades could doom its business. Source: money.cnn.com
2.05 min. | 4.75 user rating		 Sep. 17, NEW YORK (CNNMoney.com) -- In an unprecedented move, the Federal Reserve Board is lending as much as $85 billion to rescue crumbling insurer American International Group, officials announced Tuesday evening. The Fed authorized the Federal Reserve Bank of New York to lend AIG (AIG, Fortune 500) the funds. In return, the federal government will receive a 79.9% stake in the company. Officials decided they had to act lest the nation's largest insurer file bankruptcy. Such a move would roil world markets since AIG (AIG, Fortune 500) has $1.1 trillion in assets and 74 million clients in 130 countries. An eventual liquidation of the company is most likely, senior Fed officials said. But with the government loan, the company won't have to go through a tumultuous fire sale. "[A] disorderly failure of AIG could add to already significant levels of financial market fragility and lead to substantially higher borrowing costs, reduced household wealth and materially weaker economic performance," the Fed said in a statement. The bailout marks the most dramatic turn yet in an expanding crisis that started more than a year ago with the mortgage meltdown. The resulting credit crunch is now toppling not only mainstay Wall Street players, but others in the wider financial industry. The line of credit to AIG, which is available for two years, is designed to help the company meet its obligations, the Fed said. Interest will accrue at a steep rate of 3-month Libor plus 8.5%, which <b>...</b>
1.35 min. | 4.33 user rating

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AIG Tries to Sell Death-Bet Securities - Wall Street Journal Tweet this news
Wall Street Journal---American International Group- Inc. in recent weeks has sought to rally support among investors and credit-ratings firms for a controversial deal: the sale of securities backed by insurance policies on the lives of older people. ... - Date : Thu, 21 Apr 2011 23:26:09 GMT+00:00
ILFC Upsizes Committed Secured Loan to $1.5 Billion - Insurance News Net (press release) Tweet this news
Insurance News Net (press release)---American International Group-, Inc. (-AIG-) is a leading international insurance organization serving customers in more than 130 countries. -AIG- companies serve commercial, institutional and individual customers throu - Date : Thu, 21 Apr 2011 23:03:51 GMT+00:00
Prudential Said to Request Probe of Advice on Failed AIA Bid - BusinessWeek Tweet this news
BusinessWeek--The Financial Services Authority requested the probe to review advice given to Prudential during its attempt to buy -American International Group- Inc.'s Asian unit last year, said the people, who declined to be named because the talks - Date : Thu, 21 Apr 2011 09:44:11 GMT+00:00
Potential American International Group (AIG) Trade Has $30.54 Breakeven - Market Intelligence Center Tweet this news
Market Intelligence Center---American International Group- Inc (NYSE: -AIG-) closed Wednesday's trading session at $32.35. In the past year, the stock has hit a 52-week low of $31.83 and 52-week high of $62.87. -American International Group- stock ha - Date : Thu, 21 Apr 2011 13:13:58 GMT+00:00
AIG Closing in to Support - TradersHuddle.com Tweet this news
TradersHuddle.com--New York, April 20th (TradersHuddle.com) - Shares of -American International Group-, Inc. (NYSE:-AIG-) are trading very close to calculated support at $31.83 with current price action closing at just $32.35 places the stock price near l - Date : Thu, 21 Apr 2011 00:42:33 GMT+00:00
Hot Stocks Of The Day: AIG, BRK-A, AES, DPL, ABT, MO, NDAQ, NYX, GM, WFC - istockAnalyst.com (press release) Tweet this news
istockAnalyst.com (press release)---American International Group- Inc. (NYSE: -AIG-) plans to pay $1.65 billion to Berkshire Hathaway Inc. (NYSE: BRK-A) to shoulder the responsibility of potential asbestos liabilities. -AIG's- shares added 1.31 perce - Date : Wed, 20 Apr 2011 18:00:05 GMT+00:00
Nan Shan CEO: Ruenchen deal likely to get nod - MarketWatch Tweet this news
MarketWatch--TAIPEI (MarketWatch) -- Nan Shan Life Insurance Co., the Taiwan life-insurance unit of -American International Group- Inc. (NYSE:-AIG-) , said Thursday there is "a good chance" that the island's financial regulator will - Date : Thu, 21 Apr 2011 05:15:18 GMT+00:00
Weil Handles AIG's $600 Million Rail Car Unit Sale - The Am Law Daily Tweet this news
The Am Law Daily---American International Group- is selling its rail car leasing business to an arm of investment firm Perella Weinberg Partners for $600 million, the insurance giant announced on Monday. Proceeds from the sale will be used to repay New Yo - Date : Tue, 19 Apr 2011 21:36:09 GMT+00:00
News on quarter results and ratings: AIG, EXL, GE - TomRollins.com Tweet this news
TomRollins.com---American International Group-, Inc. (NYSE: -AIG-) has announced that it is suppose to give $1.65 billion to Warren Buffett's Berkshire Hathaway Inc. for assuming the risk of asbestos policies from the bailed- out insurer. Anslyst of - Date : Wed, 20 Apr 2011 19:35:03 GMT+00:00
Early Edge: Cree, AIG, EMC Corporation, and Wynn Resorts - Schaeffers Research Tweet this news
Schaeffers Research--Checking out a few of today's hot stocks on the move, we've got lackluster earnings guidance from Cree, Inc. (CREE), a critical divestment for -American International Group-, Inc. (-AIG-), ... - Date : Wed, 20 Apr 2011 13:38:07 GMT+00:00

AIG collateral postings to credit default swap counterparties, from the period September 16, 2008 to December 31, 2008
Settlement of credit default swaps :
Counterparty US $ posted Counterparty US $ posted
Société Générale $4,100,000,000 Deutsche Bank $2,600,000,000
Goldman Sachs $2,500,000,000 Merrill Lynch $1,800,000,000
Calyon $1,100,000,000 Barclays $900,000,000
UBS $800,000,000 DZ Bank $700,000,000
Wachovia $700,000,000 Rabobank $500,000,000
KFW $500,000,000 JPMorgan $400,000,000
Banco Santander $300,000,000 Danske Bank $200,000,000
Reconstruction Finance Corp $200,000,000 HSBC Bank $200,000,000
Morgan Stanley $200,000,000 Bank of America $200,000,000
Bank of Montreal $200,000,000 Royal Bank of Scotland $200,000,000
Other (unknown) $4,100,000,000

American International Group

Board of DirectorsRobert B. Willumstad - Stephen F. Bollenback - Marshall A. Cohen � Martin S. Feldstein � Ellen V. Futter - Richard C. Holbrooke - George L. Miles - Morris W. Offit - Michael H. Sutton - Frank G. Zarb - Stephen L. Hammerman - Fred H. Langhammer - Virginia M. Rometty - James F. Orr, III - Edmund S.W. Tse
PeopleCornelius Vander Starr - Maurice R. Greenberg - Martin J. Sullivan - Edward M. Liddy - Joseph Cassano - Robert Benmosche - Harvey Golub
InsuranceAIG American General - VALIC - Chartis - ALICO - American International Assurance - People's Insurance Company of China - AIG Korea Insurance
BuildingsAmerican International Building - AIA Central - American General Center - No.1 Croydon |Aerospace |International Lease Finance Corporation |Financial Services |AIG Financial Products - AIG Advisor Group - American General Finance
AerospaceInternational Lease Finance Corporation
Financial ServicesAIG Financial Products - AIG Advisor Group - American General Finance

Major insurance and reinsurance companies

General Insurers Admiral Group * Aegon * Ageas * AIG * Allianz * Allstate * Berkshire Hathaway * BNP Paribas * CNP Assurances * Generali * IF P&C Insurance * ING * Mapfre * PICC * Swiss Life * Tokio Marine * Travelers * UIIC India * Zurich Financial Services *
Life Insurers Aegon * AXA * Aviva * Bupa * China Life * Hartford Life * ING * Jackson * LIC India * Legal & General * Manulife * MetLife * New York Life * Northwestern Mutual * Old Mutual * Prudential (US) * Prudential (UK) * Standard Life * State Farm * Scottish Widows * Sun Life * Swiss Life *
Reinsurers Hannover Re * Munich Re * Swiss Re * Reinsurance Group of America * General Re |



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