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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, AIG employed 25,200 people. [2] The company operates through three core businesses: general insurance, life & retirement, and a standalone technology-enabled ...
In 1953, American General hired life insurance veteran Benjamin N. Woodson as president. Woodson previously served at Mutual Trust Life Insurance Company, the National Association of Life Underwriters, and various other roles. Woodson would eventually succeed Wortham as CEO of the company in 1972 where he remained until retiring in 1978. [7]
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.
The company was incorporated as Genworth Financial, Inc. on October 23, 2003. [4] In May 2004, it became a public company via an initial public offering. [7][8][9][10] GE sold its remaining stake in the company in February 2006 for $2.8 billion. [11][12][13] In June 2006, the company agreed to buy AssetMark Investment Services for $230 million.
The Transamerica Corporation is an American holding company for various life insurance companies and investment firms operating primarily in the United States, offering life and supplemental health insurance, investments, and retirement services. The company has major offices located in Baltimore, Maryland; Cedar Rapids, Iowa; Denver, Colorado ...
A.M. Best Revises ICR Outlook to Positive for American International Group, Inc.'s Domestic Life/Health Subsidiaries OLDWICK, N.J.--(BUSINESS WIRE)-- A.M. Best Co. has revised the issuer credit ...
Headquarters. Nashville, Tennessee. , United States. Area served. Most of the United States. Products. Life insurance. The National Life and Accident Insurance Company was an American life insurance company based in Nashville, Tennessee that operated from 1900 until it was acquired in a hostile takeover in 1982 by American General Corporation.
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.