Tag: Companies
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History of AIG: How AIG overcame the 2008 financial crisis and rebuilt its insurance business
Founded in 1919 in Shanghai, American International Group (AIG) has evolved into one of the most recognizable names in global insurance. With operations spanning over 100 countries, the history of AIG is marked by bold entrepreneurship, rapid international expansion, and resilience in the face of crises. From its origins as a small insurance agency catering to the needs of Asia’s rapidly developing economies, AIG emerged as a multinational corporation leading innovation in insurance and financial services. However, its journey was not without challenges. The 2008 financial crisis profoundly impacted AIG, necessitating a historic government bailout and a complete transformation of…