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AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. [11] AIG was ranked 60th on the 2018 Fortune 500 list. [12] According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world. [13]
At the age of 26 in 1973, shortly after completing his military service, Duperreault was hired at AIG as an actuary. [12] [10] AIG at the time was a midsize property-casualty insurer, and was in the early stages of its transformation by CEO Maurice R. "Hank" Greenberg into one of the world's largest financial-services firms.
He was appointed President & Chief Executive Officer by the US Department of Treasury and AIG Board of Directors to succeed Edward M. Liddy. [2] [3] Benmosche is known for his leadership at AIG, where he led a turnaround, improved profits 60% year over year, and paid down government aid pledged by the Bush and Obama Administrations. [4] [5]
For a company that was one of the uglier poster boys for the 2008 financial sector meltdown, AIG kept a relatively low profile in 2012. The company only made occasional headlines during the year ...
Greenberg and Lawrence A. Cunningham wrote The AIG Story, published in 2013. [61] Greenberg's career is chronicled in the 2006 book Fallen Giant: The Amazing Story of Hank Greenberg and the History of AIG. [62] He and his son, Jeffrey, are also discussed in the 2011 book All the Devils Are Here: The Hidden History of the Financial Crisis. [63]
Mega insurer American International Group is best known for its spectacular collapse in 2008 as the company used a government bailout to plug a financial products-induced wound. Despite receiving ...