Cornelius Vander Starr establishes American Asiatic Underwriters (AAU), a general insurance company, in Shanghai, China.
Nelle Vander Starr (center) joins the company’s early operations in Shanghai, China, later becoming the first woman executive.
The first U.S. office, American International Underwriters (AIU), opens in New York City.
First Latin American market operation opens in Cuba.
Company headquarters relocate from Shanghai, China to New York City.
During World War II, many company employees — both those in the military and civilians — are affected by the global conflict. C.V. Starr helps employees and their families by providing financial support and supplies during the war and jobs after the war. Also, he personally corresponds with families of employees who were being held in an internment camp. As one employee’s mother wrote to her son, “As soon as [Mr. Starr] had any word at all from the American Red Cross about you, he phoned me. He told me you were safe.”
Soon after World War II, C.V. Starr opens offices, in Japan and Germany to provide insurance for the U.S. military.
Lilo Wiegand, one of the women who helped build AIG, joins the company in West Berlin. During the Berlin Blockade of 1948-1949, she singlehandedly runs the West Berlin office and keeps it open serving clients. Ms. Wiegand manages the West Berlin operation for over 15 years.
Through the Marshall Plan, 1948 to1952, the United States gave almost $13 billion (more than $100 billion today) in economic support to more than a dozen European countries still recovering from the war. C.V. Starr is an early and committed supporter of the Marshall Plan, and the company plays a part by providing insurance for vital infrastructure projects in Germany, Greece, and Turkey.
The company establishes its first Middle Eastern operation, in Lebanon.
The acquisition of general insurer Globe and Rutgers Insurance Group, which includes the American Home brand, expands the company’s domestic market presence.
Offices open in the United Kingdom.
The company provides aid to victims of the devastating floods in the Netherlands by making a $10,000 donation to support recovery efforts.
The company provides insurance coverage for a scientific expedition to the North Magnetic Pole aboard the ship, Monte Carlo. The 11-person crew faces many challenges on their way to the top of the world including strong storms and pack ice.
The Franklin Life Insurance Company (later acquired by AIG) is one of the first businesses in the U.S. to enter the computer age when it purchases a Universal Automatic Computer (UNIVAC). The computer performs a range of functions including premium billing, premium accounting, dividend accounting, agency commission accounting, and valuation of reserves. Experiencing phenomenal sales growth, Franklin Life management determines that new technology is necessary to keep up demand and future growth.
Operations begin in South Korea.
Offices open in Australia.
AIG provides travel accident insurance for the New York Yankees’ cross-country trips during the World Series.
American International Group (AIG) incorporates in Delaware.
Maurice R. Greenberg succeeds C.V. Starr as company leader.
AIG stock begins publicly trading.
AIG provides coverage for the construction of the Washington D.C. Metro transit system.
AIG holds a companywide contest to design the first logo for American International Group, Inc. Open to all employees around the world, Filemon G. “Sam” Samiley in the Philippines office, creates the winning concept.
Muhammad Ali and George Foreman enter the ring in Kinshasa, Zaire, for the Rumble in the Jungle boxing event. AIG provides transmission coverage as the match is broadcast in approximately 100 countries worldwide.
AIG is the first U.S. Insurance organization to establish a direct business relationship with the People’s Republic of China following a visit by President and CEO Maurice R. Greenberg.
AIG opens operations in Ireland, the first wholly American-owned insurer established in the country.
AIG begins trading on the New York Stock Exchange.
AIG’s Japan operation establishes an educational program to foster cultural exchange between Japan and the United States and to help Japanese students discover America.
The People's Republic of China grants AIG a license to operate a life and non-life insurance business in Shanghai, the first foreign insurer granted a license in over 40 years by the Chinese government.
Lloyd’s of London and AIG reach an agreement to establish the first insurance company underwriting operation located at Lloyd’s.
An earthquake hits the Japanese city of Kobe. An AIG crisis management team responds quickly, assessing damage (including the company’s own network of offices), visiting clients, and laying the groundwork for a large-scale adjustment process.
AIG launches microinsurance operations, with the Foundation for International Community Assistance (FINCA).
AIG acquires Sun America, Inc., a leading retirement and financial services company.
AIG acquires American General Corporation, a leading life insurer
Tata and AIG form a joint venture general insurance company in India.
The AIG Disaster Relief Fund supports Hurricane Katrina recovery and humanitarian efforts in New Orleans by providing aid and comfort to its employees, its clients and the communities it serves.
Martin J. Sullivan is appointed AIG President and CEO.
AIG acquires Travel Guard, a provider of travel insurance programs and emergency travel assistance.
AIG became the lead insurer of the World Trade Center project, providing coverage to protect people on and around the site, the property, and the environment. The complex project — with activities like blasting, steelwork, and concrete formwork — requires a team effort between the developers, workers, and AIG to ensure the safety and security of the people who work at the site.
AIG Chairman Robert Willumstad becomes CEO.
A financial crisis hits the U.S., the government provides support to AIG, and Edward M. Liddy becomes AIG Chairman and CEO.
Robert H. Benmosche is named AIG President and CEO.
An earthquake off the coast of Japan triggers a tsunami that devastates the Sendai region. In the aftermath, AIG helps coastal Japanese communities by using innovative technology to shorten claim times, and provide financial support and emergency supplies.
The company expands by acquiring Fuji Fire and Marine, a leading non-life insurer in Japan.
AIG signs an agreement with the New Zealand Rugby Union to sponsor the All Blacks including Maori All Blacks, All Black Sevens, New Zealand Women’s Sevens, New Zealand Black Ferns and New Zealand Under 20s rugby teams.
AIG restructures itself, fully repays its assistance from the U.S. government plus a profit, restores its reputation, and relaunches its brand.
AIG introduces CyberEdge, designed to protect against the full potential impact of a cyber breach, including financial, legal, investigative and reputation exposures.
AIG launches sponsorship of the Dublin GAA’s hurling, football, ladies, and camogie teams.
AIG Road Safety initiative starts in Asia in collaboration with public and private organizations to develop technologies and driver education programs that help improve road safety.
Peter D. Hancock is named AIG President and CEO.
AIG acquires Ageas Protect, a provider of life protection products in the United Kingdom.
AIG receives approval from the FAA to operate drones to conduct inspections for risk assessment and develops unmanned aircraft insurance.
AIG acquires Ireland’s Laya Healthcare.
Brian Duperreault is named AIG President and CEO.
AIG acquires Validus Holdings, Ltd. a leading provider of reinsurance, primary insurance, and asset management services.