AIG

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AIG

A large insurance and financial services company. It was established in 1919 in Shanghai, where it was the first Western company to sell insurance in China. It went on to become one of the largest companies in the world, underwriting more commercial and industrial insurance in the United States than any other company. Its credit rating fell below AA in September 2008, which caused a liquidity crisis in the company. It subsequently required a bailout in the form of loans from the Federal Reserve to stay afloat. It also received money from TARP. At the time, it was the largest bailout of a private company in U.S. history.
References in periodicals archive ?
NEW YORK, May 16 /PRNewswire/ -- The Board of Directors of American International Group, Inc.
LTG Ultra, Policy Form #LTG 2000AG, ROPTerm, Policy Form #06001 and Disability Income Riders Form # 06301 and Form #06305 issued by American General Life Insurance Company (American General Life), Houston, Texas, a member company of American International Group, Inc.
Its innovative products are underwritten by the member companies of American International Group, Inc.
AIG-FP) is a wholly owned subsidiary of American International Group, Inc.
CONTACT: Joe Norton, director of public relations of American International Group, 212-770-3144/
Insurance is underwritten by member companies of American International Group, Inc.
AIG-FP) is a wholly-owned subsidiary of American International Group, Inc.
AIGRS), a member company of American International Group, Inc, specializes in retirement savings and investment products and services, including: individual variable and fixed annuities; group retirement products; mutual funds; financial planning; and investment advisory services.
Wooster, vice president, communications of American International Group, 212-770-3146/
CONTACT: Joe Norton of director of public relations of American International Group, 212-770-3144/
AMERICAN INTERNATIONAL GROUP DECLARES QUARTERLY COMMON STOCK DIVIDEND

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