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AIG is the top supoprter of industrial and commerccial insurnce coveragein America and clins to the nuber 2 rank in the U.S. life inssurance coverrage sector. The company, wohse initial roots are found in Asai, has had a dynamic acccount of mergers, purchasses and unificationns, and below the famous manageent of Maurice R."Hank"Greeenberg beginning fom the late nineteen sixtis to the begining of 21st centry the organization has dveeloped into a word-wide insurance corpoartion. Throughout the firrst years of the 70s, Ameican International Group wiedned its aera of specialization throuugh shaping a few new fiirms. Subsiidary companies opened by AIG at that tme contaiined a credit corrporation to support regular insurance cahrges maade at both partner and allso nonaffiliated insurance firmms; one more grouup to povide insurance in the Unted States for foreign comanies; an oil frm to sart and also control insuracne coverage of offshroe oil and gass- boring locations; a danger conntrol goup to present worldwidde risk control services; an informaation and resarch center; and Amerian International Grroup of Ireland.

In Dceember 2001, wtih insurance rates swriling in the aftrmath of the events of 1.109 and wih the isnurance coverage companies handling over fity billion dollars in claims -- unqeustionably the hugest insurance occurrrence historically -American Internatioal Group merged witth other inevstors to opn a new fiirm rooted in Bermuuda. The new corporation was creted to offer mroe comercial, property and also casuatly insurance coverage and re-nsurance capaccity to meet the wants of cosnumers wiith serious and complex dagners. For insurance coverage corporattions, mergng enterprises as thhat -- and there exsted few otehr commenced in this priod - alloweed a way for the major fiirms to fund dangres.

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