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AIG Financial Products Corporation (AIGFP) is a subsidiary of the American International Group, headquartered in New York, New York, with major operations in London. The collapse of AIG Financial Products, headquartered in Wilton, Connecticut, is considered to have played a pivotal role in the global financial crisis of 2008–2009.
We are American International Group, Inc, (AIG), a leading global insurance organization providing a wide range of property casualty insurance and other financial services. We provide world-class products and expertise to businesses and individuals in approximately 190 countries and jurisdictions through AIG operations and network partners.
How and when did AIG Financial Products get started? Who ran it, and from where? How did it get into credit default swaps, and what exactly are they, anyway? And how did this group of...
As a leader in commercial and personal insurance solutions, we are one of the world’s most far-reaching property-casualty networks, offering a broad range of products, including Liability, Financial Lines, Property, Global Specialty, Crop Risk Services, Personal Lines and Accident & Health.
AIG Financial Products issued the credit default swaps that put AIG on the hook for billions of dollars in losses during the collapse of subprime mortgage markets, according to court documents...
AIG Financial Products Corp. operates as a market maker and trader for stocks, bonds, credit, and commodities. The Company provides investors with tools for trading with the internet and...
New York-based AIG is the largest creditor to its Financial Products subsidiary because it loaned the unit tens of billions of dollars during the economic crisis, a portion of the loans it received from the U.S. Federal Reserve.
American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. [6] As of 2023, ... [58] [59] AIG's Financial Products division, headed by Joseph Cassano in London, had entered into credit default swaps to insure $441 billion worth of securities ...
American International Group Inc.’s AIG 0.23% infamous Financial Products unit—the one that nearly took down the global economy in 2008 with wrong-way bets on mortgages—is on its way to an...
The US insurer said on Wednesday it had put AIG Financial Products into Chapter 11 bankruptcy. The division’s risky bets on credit default swaps were at the heart of the US government’s $182bn...