American International Reinsurance Company

AIRCO is a 100% owned subsidiary of American International Group. It functions as an internal reinsurance vehicle, underwriting risks ceded from AIG's global property-casualty and life insurance operations. The firm operates in New York and maintains a branch in Bermuda. It does not solicit or underwrite third-party reinsurance business independently.

Cornelius Vander Starr founded American International Underwriters in Shanghai in 1919 and established AIRCO in 1920. The original purpose was to provide offshore reinsurance capacity for the nascent international insurance network Starr was building across Asia and Latin America. That network ultimately formed the foundation of AIG. The firm retains a legacy presence in Bermuda consistent with its historical role.

No. AIRCO operates solely as an internal reinsurance facility for AIG. It does not offer asset-management services to institutional investors, family offices, or individuals. All investment assets and underwriting capacity are tied to AIG's consolidated balance sheet. There is no external fund structure, separate accounts, or third-party capital platform.

Hank Greenberg joined C.V. Starr & Company in 1960 and became Chairman and CEO of AIG and AIRCO by 1968. Over four decades, he transformed the Starr network into a global insurance and financial-services conglomerate. Greenberg's strategic use of offshore reinsurance vehicles, including AIRCO, was central to AIG's international expansion. He stepped down as AIG's CEO in 2005.

The Starr Foundation is one of the largest private foundations in the United States, established by Cornelius Vander Starr in 1955. It was historically funded through distributions from Starr-linked insurance entities, including the broader AIG network. The foundation operates independently of AIRCO and AIG today, focusing on education, medical research, and arts philanthropy. AIRCO itself has no direct governance role over the foundation.