American International Group, Inc. (NYSE:AIG) a Buy as Treasury Sells
24.05.12
American International Group, Inc. (AIG) is an international insurance company, serving customers in more than 130 countries. AIG companies serve commercial, institutional and individual customers through property-casualty networks of any insurer. In addition, AIG companies are providers of life insurance and retirement services in the United States. AIG’s segments include Chartis, SunAmerica Financial Group (SunAmerica), Aircraft Leasing and Other Operations. On February 1, 2011 and August 18, 2011, the Company divested its Japan-based life insurance subsidiaries, AIG Star Life Insurance Company Ltd. (AIG Star) and AIG Edison Life Insurance Company (AIG Edison), and Nan Shan Life Insurance Company, Ltd. (Nan Shan). On October 7, 2011, ILFC completed the acquisition of AeroTurbine from AerCap, Inc. AeroTurbine is a providers of aircraft engines, aircraft and engine parts and supply chain solutions.
Chartis Operations
Chartis offers insurance products and services to businesses and individuals worldwide. Commercial insurance products are primarily distributed to businesses through insurance brokers. Principal lines of business include casualty, property, financial lines and specialty (including aerospace, environmental, marine, trade credit and political risk coverages, and various product offerings to small and medium enterprises (SME)). Consumer insurance products are primarily distributed to individual consumers or groups of consumers through individual agents, brokers, and on a direct-to-consumer basis. Consumer lines of business include accident and health (A&H), personal lines, and life insurance. Chartis conducts its business primarily through, National Union Fire Insurance Company of Pittsburgh, Pa; New Hampshire Insurance Company; American Home Assurance Company; Lexington Insurance Company; AIU Insurance Company; Chartis Overseas, Ltd.; Fuji Fire & Marine Insurance Company Limited (Fuji); Chartis Europe Holdings Limited, and Chartis Europe, S.A.
Source: Live Trading News