American International Group
Investments
37Portfolio Exits
23Funds
6Partners & Customers
10Service Providers
2About American International Group
American International Group (NYSE: AIG) provides insurance products and services. It offers casualty insurance, life insurance, retirement products, mortgage guaranty and mortgage insurance services, general liability, commercial automobile liability, and more services. The company was founded in 1919 and is based in New York, New York.
Expert Collections containing American International Group
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Find American International Group in 2 Expert Collections, including Fortune 500 Investor list.
Fortune 500 Investor list
590 items
This is a collection of investors named in the 2019 Fortune 500 list of companies. All CB Insights profiles for active investment arms of a Fortune 500 company are included.
Insurtech
26 items
2020 Top 25 US P&C Insurers based on Gross Written Premiums in 2019, per NAIC
Latest American International Group News
Sep 14, 2023
Enstar Group announced that one of its wholly-owned subsidiaries has signed an agreement with American International Group, Inc. (“AIG”) to provide AIG with protection against adverse development on the portion of Validus Re’s loss reserves that AIG retains exposure to following the closing of AIG’s sale of Validus Re to RenaissanceRe. Per the agreement, Enstar will provide $400 million of adverse development cover in excess of carried loss reserves on assumed reinsurance contracts underwritten by Validus Re. The adverse development cover is expected to become effective at the time of closing of AIG’s sale of Validus Re to RenaissanceRe. “Our agreement today with AIG is a further testament to our expertise in executing bespoke solutions that help deliver our partner’s strategic objectives. This transaction demonstrates the continued versatility of legacy risk solutions as a source of value creation, and our continued commitment toward sourcing and executing top-quality transactions.” – Dominic Silvester, Enstar’s Chief Executive Officer. Share this A really good email covering top news. Leave this field empty if you're human: Related Posts
American International Group Investments
37 Investments
American International Group has made 37 investments. Their latest investment was in Springbank as part of their Seed VC on June 6, 2023.
American International Group Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
|---|---|---|---|---|---|---|
6/26/2023 | Seed VC | Springbank | $35M | Yes | 1 | |
1/23/2019 | Series D | BridgeBio | $299.2M | No | Aisling Capital, American International Group, Cormorant Capital, Hercules Capital, KKR, Perceptive Advisors, Sequoia Capital, Undisclosed Investors, and Viking Global Investors | 3 |
11/14/2018 | Private Equity | Fortitude Re | Yes | 2 | ||
10/24/2018 | Series B | |||||
9/13/2017 | Series C |
Date | 6/26/2023 | 1/23/2019 | 11/14/2018 | 10/24/2018 | 9/13/2017 |
|---|---|---|---|---|---|
Round | Seed VC | Series D | Private Equity | Series B | Series C |
Company | Springbank | BridgeBio | Fortitude Re | ||
Amount | $35M | $299.2M | |||
New? | Yes | No | Yes | ||
Co-Investors | Aisling Capital, American International Group, Cormorant Capital, Hercules Capital, KKR, Perceptive Advisors, Sequoia Capital, Undisclosed Investors, and Viking Global Investors | ||||
Sources | 1 | 3 | 2 |
American International Group Portfolio Exits
23 Portfolio Exits
American International Group has 23 portfolio exits. Their latest portfolio exit was Laya Healthcare on August 03, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
|---|---|---|---|---|---|
8/3/2023 | Divestiture | 1 | |||
6/16/2023 | Divestiture | American International Group - Treaty Reinsurance Business | 1 | ||
5/22/2023 | Acquired | 3 | |||
Date | 8/3/2023 | 6/16/2023 | 5/22/2023 | ||
|---|---|---|---|---|---|
Exit | Divestiture | Divestiture | Acquired | ||
Companies | American International Group - Treaty Reinsurance Business | ||||
Valuation | |||||
Acquirer | |||||
Sources | 1 | 1 | 3 |
American International Group Acquisitions
13 Acquisitions
American International Group acquired 13 companies. Their latest acquisition was Glatfelter Insurance Group on September 21, 2018.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
|---|---|---|---|---|---|---|
9/21/2018 | Acquired | 3 | ||||
7/18/2018 | Acq - P2P | 3 | ||||
6/20/2018 | Acquired Unit | 3 | ||||
5/24/2018 | ||||||
8/2/2017 | Other |
Date | 9/21/2018 | 7/18/2018 | 6/20/2018 | 5/24/2018 | 8/2/2017 |
|---|---|---|---|---|---|
Investment Stage | Other | ||||
Companies | |||||
Valuation | |||||
Total Funding | |||||
Note | Acquired | Acq - P2P | Acquired Unit | ||
Sources | 3 | 3 | 3 |
American International Group Fund History
6 Fund Histories
American International Group has 6 funds, including AIGGRE Europe Real Estate Fund II LR Feeder.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
|---|---|---|---|---|---|
3/22/2019 | AIGGRE Europe Real Estate Fund II LR Feeder | $466.56M | |||
3/22/2019 | AIGGRE Europe Real Estate Fund II GI Feeder | ||||
3/22/2019 | AIGGRE Europe Real Estate Fund II | ||||
1/16/2019 | AIGGRE U.S. Real Estate Fund III Lexington Feeder | ||||
1/16/2019 | AIGGRE U.S. Real Estate Fund III AHNU Feeder |
Closing Date | 3/22/2019 | 3/22/2019 | 3/22/2019 | 1/16/2019 | 1/16/2019 |
|---|---|---|---|---|---|
Fund | AIGGRE Europe Real Estate Fund II LR Feeder | AIGGRE Europe Real Estate Fund II GI Feeder | AIGGRE Europe Real Estate Fund II | AIGGRE U.S. Real Estate Fund III Lexington Feeder | AIGGRE U.S. Real Estate Fund III AHNU Feeder |
Fund Type | |||||
Status | |||||
Amount | $466.56M | ||||
Sources |
American International Group Partners & Customers
10 Partners and customers
American International Group has 10 strategic partners and customers. American International Group recently partnered with Enstar Group on September 9, 2023.
Date | Type | Business Partner | Country | News Snippet | Sources |
|---|---|---|---|---|---|
9/5/2023 | Vendor | Bermuda | Enstar Announces Adverse Development Cover Agreement with AIG Dominic Silvester , Enstar Group Limited 's Chief Executive Officer , said : `` Our agreement today with AIG is a further testament to our expertise in executing bespoke solutions that help deliver our partner 's strategic objectives . | 3 | |
6/27/2023 | Client | China | AIG to underwrite Hithium energy storage products XIAMEN , CHINA , June 27 , 2023 / EINPresswire.com / -- Stationary lithium-ion battery producer Hithium has signed a global commercial liability insurance agreement with U.S. insurance firm AIG 's Chinese subsidiary . | 1 | |
1/23/2023 | Partner | South Africa | How AIG and Talbot join forces to balance risk How AIG and Talbot join forces to balance risk . | 1 | |
8/23/2022 | Partner | ||||
3/29/2022 | Partner |
Date | 9/5/2023 | 6/27/2023 | 1/23/2023 | 8/23/2022 | 3/29/2022 |
|---|---|---|---|---|---|
Type | Vendor | Client | Partner | Partner | Partner |
Business Partner | |||||
Country | Bermuda | China | South Africa | ||
News Snippet | Enstar Announces Adverse Development Cover Agreement with AIG Dominic Silvester , Enstar Group Limited 's Chief Executive Officer , said : `` Our agreement today with AIG is a further testament to our expertise in executing bespoke solutions that help deliver our partner 's strategic objectives . | AIG to underwrite Hithium energy storage products XIAMEN , CHINA , June 27 , 2023 / EINPresswire.com / -- Stationary lithium-ion battery producer Hithium has signed a global commercial liability insurance agreement with U.S. insurance firm AIG 's Chinese subsidiary . | How AIG and Talbot join forces to balance risk How AIG and Talbot join forces to balance risk . | ||
Sources | 3 | 1 | 1 |
American International Group Service Providers
2 Service Providers
American International Group has 2 service provider relationships
Service Provider | Associated Rounds | Provider Type | Service Type |
|---|---|---|---|
Acquired | Investment Bank | Financial Advisor | |
Service Provider | ||
|---|---|---|
Associated Rounds | Acquired | |
Provider Type | Investment Bank | |
Service Type | Financial Advisor |
Partnership data by VentureSource
American International Group Team
167 Team Members
American International Group has 167 team members, including current Chief Executive Officer, Peter Zaffino.
Name | Work History | Title | Status |
|---|---|---|---|
Peter Zaffino | Marsh, and Guy Carpenter | Chief Executive Officer | Current |
Name | Peter Zaffino | ||||
|---|---|---|---|---|---|
Work History | Marsh, and Guy Carpenter | ||||
Title | Chief Executive Officer | ||||
Status | Current |
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