AIG

Definition

American International Group Incorporated, an American holding company of insurance subsidiaries both domestic and abroad. Once listed as the 18th largest company in the world at its apex, it required a series of government bailouts, or TARP, to avoid collapse during the financial crises of 2008-2009. Throughout 2010, AIG sold off various parts of its core businesses to Pacific Century Group and MetLife.

Use AIG in a sentence

You may want to try and get an account with AIG so that you will know you are dealing with a good company.

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The bank we had decided to partner with was AIG as they have a history of being an excellent insurance provider.

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I worked for the AIG and I liked my job there because it gave me a lot of benefits and a lot of other stuff too.

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