As per AIG's quarterly report Blackboard has been put into run-off. AIG paid $100 million for Hamilton USA, which got morphed into Blackboard - and who knows how much more AIG sunk into it afterwards.
AIG's corporate headquarters are in New York City and the company also has offices around the world. AIG serves 87% of the Fortune Global 500 and 83% of the Forbes 2000. AIG was ranked 60th on the 2018 Fortune 500 list....American International Group.AIG Headquarters in New YorkWebsiteaig.comFootnotes / references16 more rows
AIG. N, the world's largest insurer, said on Monday its subsidiary, AIU Insurance Co., has been granted the right to establish a wholly owned subsidiary in China by the country's insurance regulatory commission. The new subsidiary will be named AIG General Insurance Company China Limited.Jul 23, 2007
BlackstoneNEW YORK – July 14, 2021 – American International Group, Inc. (NYSE: AIG) and Blackstone (NYSE: BX) today announced that they have reached a definitive agreement for Blackstone to acquire a 9.9% equity stake in AIG's Life & Retirement business for $2.2 billion in an all cash transaction.Jul 14, 2021
American General Life Insurance Company was established in 1960. As American General expanded its national presence and added new financial products and services over the years, the company was acquired by American International Group (AIG) in 2001.
AIG is not just the largest insurance company in the world, with about 74 million customers -- more than the populations of California, Illinois and Florida combined -- but also owner of a company called International Lease Finance Corp.Mar 9, 2009
AIG was one of the beneficiaries of the 2008 bailout of institutions that were deemed "too big to fail." The insurance giant was among many that gambled on collateralized debt obligations and lost. AIG survived the financial crisis and repaid its massive debt to U.S. taxpayers.
AIG was accruing unpaid debts—collateral it owed its credit default swap partners, but did not have to hand over due to the agreements' collateral provisions. But when AIG's credit rating was lowered, those collateral provisions kicked in—and AIG suddenly owed its counterparties a great deal of money.Aug 3, 2015
On 4 December 2009, AIG sold preferred equity interests in two newly formed international life insurance subsidiaries, American International Assurance Company, Limited (AIA) and American Life Insurance Company (ALICO), to the Federal Reserve Bank of New York to reduce its debt by US$25 billion.
Separately, AIG and a real-estate income trust affiliated with Blackstone will acquire AIG's interests in a U.S. affordable housing portfolio for about $5.1 billion, also in an all-cash transaction, the companies said.Jul 14, 2021
Insurance giant American International Group (AIG) has closed the sale of a 9.9% equity stake in its life and retirement (L&R) business to Blackstone. AIG announced the deal in July, revealing that Blackstone agreed to acquire the stake for $2.2 billion in an all-cash transaction.Nov 3, 2021
American International Group jumps after it agrees to sell a stake in its life and retirement business to asset management giant Blackstone.Jul 15, 2021