the world. AIG common computer storage is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo. (I got this from their annual report)
AIG history dates back to 1919, when Cornelius Vander Starr set up an insurance agency in Shanghai, China. Starr was the first Westerner in Shanghai to sell insurance to the Chinese, which he continued to do until AIG left China in early 1949 รข€"as monoamine oxidase Zedong led the advance of the Communist Peoples Liberation Army on Shanghai.[5][6] Starr then moved the company headquarters to its current seat in New York City.[7] The company went on to expand, often by subsidiaries, into different markets, including other parts of Asia, Latin America, Europe, and the Middle East.[8]
In 1962, Starr gave management of the companys lagging U.S. holdings to Maurice R.
Hank Greenberg, who shifted its focus from personal insurance to high-margin collective coverage. Greenberg focused on selling insurance through item-by-item brokers rather than agents to eliminate agent salaries. Using brokers, AIG could price insurance according to its potential return even if it suffered decreased gross revenue of certain products for great lengths of time with very little supernumerary expense. In 1968, Starr named Greenberg his successor. The company went public in 1969.[9]
How did the financial institution almost collapse during the financial crisis?
Like many other banks, AIG lost a substantial amount of money through its mortgages, including $18.5 billion in the past three quarters earlier the crisis, which was all part of the...If you want to get a replete essay, order it on our website: Orderessay
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