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In March 2003 American General merged with Old Line Life Insurance Company. [37] In the early 2000s, AIG made significant investments in Russia as the country recovered from the 1998 Russian financial crisis. In July 2003, Maurice Greenberg met with Putin to discuss AIG's investments and improving U.S.-Russia economic ties, in anticipation of ...
The Holdings of American International Group include the operating entities and subsidiaries of insurance conglomerate American International Group (AIG) that operates in over 130 countries. [1] The company's business consists of four core areas: General Insurance, Life Insurance & Retirement Services, Financial Services and Asset Management. [2]
The American General Insurance Company was formed on May 8, 1926 by Gus Sessions Wortham in Houston, Texas. Wortham worked for the Texas Fire Rating Board in Austin, Texas before moving to Houston in 1912. Before starting American General, he worked at his father's insurance company, John L. Wortham & Son Agency, until his death in 1924. [5]
In general, a COI is used to provide proof of insurance, while a declaration page is primarily for the policyholder’s reference and goes into greater detail about your coverage levels.
In the mid-1960s, the company was sold to the American General Insurance Company of Texas, but its operations remained largely unchanged until the early 1980s. In 1968 the former Knights Life Insurance Company of Pittsburgh, Pennsylvania (then a part of American General Insurance) had its operations transferred from Pittsburgh to Nashville.
Martin started his career in 1975 as an agent with Connecticut Mutual Life Insurance Company, where he served more than 20 years, ultimately becoming president of Connecticut Mutual Insurance Services. [2] In 1995, he became president and chief executive officer of the American General Life Insurance Company of New York. [2]
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