Who owns aig

Duperreault has focused on sharpening underwriting, doing more with worthwhile customers, investing in technology, restoring talent and cutting costs. Zaffino, has been the point man to execute those goals, partly by reducing losses in the commercial property and casualty businesses and relying more on reinsurance while also modernizing technology and processes. He also helped to recruit a number of executives. View Our Efforts. Our History Showcasing a timeline of our growth and commitment to risk and excellence.

Discover History. Supplier Relations Outlining our global sourcing and procurement services and our commitment to supplier diversity. Supplier Info. AIG Sponsorships Partnering with sports teams and organizations that share our values. AIG shares have lost more than 95 percent of their value since , including 11 percent since Duperreault's hiring.

In response to criticism about compensation, Duperreault said that, in his view, every dollar that goes toward hiring people who can profitably grow revenue is a dollar well spent. Some on Wall Street welcome his top-tier hirings. N to reinvigorate the troubled insurance brokerage after it settled a bid-rigging case. At AIG, Duperreault has also been working to improve relations with regulators.

He also had to win over state insurance regulators for his plan to move discontinued business lines to a separate reinsurance unit in Bermuda, a global insurance hub where the unit has favorable requirements for capital it has to set aside.

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Select personalised ads. Apply market research to generate audience insights. Measure content performance. Develop and improve products. List of Partners vendors. American International Group Inc. AIG is a large multinational insurance company offering life insurance, property-casualty insurance, retirement products, and other financial services in more than 80 countries. After several years of restructuring and selling off assets, AIG has recovered its reputation and its position as a solid global provider of insurance products.

As a global provider of insurance products and services, AIG is organized under two primary divisions: General Insurance and Life and Retirement. General Insurance consists of two operating segments: North America and International. The company also reported unfavorable previous-year loss reserve development. At the same time, though, the company's General Insurance branch showed improvement, and Life and Retirement also remained stable as a source of earnings.

In it, the company highlighted its efforts in to "deliver long-term, profitable growth by improving underwriting capabilities, mitigating risk and volatility by repositioning reinsurance structures and risk limits," and more.

Many of the dozens of companies under the AIG umbrella operate as subsidiaries of subsidiaries in a vast conglomeration that extends to many countries around the globe.