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American International Group
AIG is a global insurance firm founded in 1919, led by CEO Peter Zaffino, operating through General Insurance and Life & Retirement segments.
American International Group
American International Group was founded in Shanghai in 1919 by Cornelius Vander Starr, expanding globally before its near-collapse in 2008 required a $182 billion federal rescue. Peter Zaffino became CEO in 2021 and has focused on simplifying the firm, spinning off the Life & Retirement segment as Corebridge Financial in 2022. The firm operates two main segments: General Insurance, which includes commercial and consumer property-casualty lines, and Life & Retirement, now a separate public entity. Investment strategy centers on high-quality fixed income, with additional allocations to private equity, real estate, and hedge funds. Geographic footprint spans North America, Europe, Asia Pacific, and Latin America. AIG employs roughly 25,000 people globally, with headquarters in New York City. The firm's investment portfolio, managed internally, targets duration matching for insurance liabilities. Recent activity includes ongoing share buybacks and debt reduction following the Corebridge spin-off. AIG's structural differentiator lies in its scale and regulatory capital framework, operating as a systemically important insurer under Federal Reserve oversight. This mandates higher capital reserves and stress testing, distinguishing it from smaller peers.
General information
Firm type
Insurance
Year founded
1919
AUM
Undisclosed
Location
Region
North America
Country
United States
City
New York City
Corporate office
175 Water Street, New York, NY 10038, United States
Principals
Peter Zaffino
President and Chief Executive Officer
Mark Lyons
Chief Financial Officer
Sector focus
Frequently asked questions
Who runs investment decisions at AIG?
CEO Peter Zaffino and CFO Mark Lyons oversee the firm's investment strategy, with a dedicated investment management team managing a roughly $80 billion portfolio focused on fixed income and alternatives (per public filings).
How does AIG deploy its investment capital?
AIG invests primarily in high-quality fixed-income securities to match insurance liabilities, with additional allocations to private equity, real estate, and hedge funds. The portfolio supports underwriting operations (per the firm's annual report).
What is AIG's relationship with Corebridge Financial?
AIG spun off its Life & Retirement segment as Corebridge Financial in 2022, retaining a majority stake. Corebridge operates independently but AIG remains a significant shareholder (per SEC filings).
What investment stages does AIG target?
As an insurance company, AIG focuses on income-generating assets, not venture-stage investments. Its portfolio is managed for risk-adjusted returns and liquidity, not growth equity (per public filings).
Does AIG participate in direct deals or fund commitments?
AIG invests through both direct private placements and fund commitments, particularly in private equity and real estate. These are part of its alternative asset allocation strategy (per the firm's annual report).
Profile maintained by Altss using OSINT (open-source intelligence), regulatory filings, licensed data partners, and verified direct submissions. Read the methodology. Last updated: . Continuous refresh with full update cycles at least every 30 days.
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