Where is AIG domiciled?
|Company Name||State of Domicile||NAIC Number|
|AIG PROPERTY CASUALTY COMPANY (Info)||IL||19402|
|AIU INSURANCE COMPANY (Info)||NY||19399|
|AMERICAN GENERAL LIFE INSURANCE COMPANY (Info)||TX||60488|
|AMERICAN GENERAL LIFE INSURANCE COMPANY OF DELAWARE (Info)||TX||60488|
Who does AIG own?
AIG owns International Lease Finance Corporation (ILFC), the world’s largest aircraft leasing company, with hundreds of aircraft including the full range of Boeing and Airbus jetliners, as well as the McDonnell Douglas MD-11 and MD-80 Series.
What is AIG AM Best rating?
AM Best has affirmed the Long-Term Issuer Credit Rating (Long-Term ICR) of “bbb” (Good) of American International Group, Inc. (AIG) (headquartered in New York, NY) [NYSE: AIG]….Related Companies.
|009199||AGC Life Insurance Company|
|091421||AIG Asia Pacific Insurance Pte. Ltd.|
|002833||AIG Assurance Company|
How did AIG almost fail?
AIG’s swaps on subprime mortgages pushed the otherwise profitable company to the brink of bankruptcy. As the mortgages tied to the swaps defaulted, AIG was forced to raise millions in capital. As stockholders got wind of the situation, they sold their shares, making it even more difficult for AIG to cover the swaps.
When did AIG fail?
For decades, AIG was a global powerhouse in the business of selling insurance. But in September 2008, the company was on the brink of collapse.
Who was involved in the AIG scandal of 2005?
Howard Smith, ex-chief financial officer at the insurance giant, must pay $900,000. The suit, which was initially filed by former New York Attorney General Eliot Spitzer in 2005, stems from AIG’s earlier admission that it participated in sham transactions between 2000 and 2004.