AIG meaning in Banking ?

Answer: What is American International Group Inc mean?

American International Group, Inc., also known as AIG, is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. As of January 1, 2019, AIG companies employed 49,600 people. The company operates through three core businesses: General Insurance, Life & Retirement, and a standalone technology-enabled subsidiary. General Insurance includes Commercial, Personal Insurance, U.S. and International field operations. Life & Retirement includes Group Retirement, Individual Retirement, Life, and Institutional Markets.AIG is a sponsor of AIG Women’s Open (golf) and of New Zealand Rugby (AIG All blacks).

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. According to the 2016 Forbes Global 2000 list, AIG is the 87th largest public company in the world. On December 31, 2017, AIG had $65.2 billion in shareholder equity.

During the financial crisis of 2007–2008, the Federal Reserve bailed the company out for $180 billion and assumed control, with the Financial Crisis Inquiry Commission correlating AIG's failure with the mass sales of unhedged insurance. AIG repaid $205 billion to the United States government in 2012.

reference

Full Form	Category
Asociación Internacional de Geodesia	Academic & Science
Internationale Assoziation für Geodäsie	Academic & Science
Association Internationale de Géodésie	Academic & Science
Australian Institute of Geoscientists	Academic & Science
Yalinga	Airport Code
American International Group Inc	Banking
American International Group	Business
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Air Cruising Australia Ltd	Business
American Insurance Group	Business
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Africa Internet Group	Computing
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Automotive Industry Group	General
Automotive Intelligence Group	General
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Active Implement Guidance	General
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Academically and Intellectually Gifted	General
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Arrogant Irrresponsible Greed	General
Airbus Industries Group	Governmental
Assistant Instructor of Gunnery	Governmental
Additional Inspector General	Governmental
Assistant Inspector General	Governmental
Adjutant Inspector-General	Governmental
ALGAWAN	Indian Railway Station
Asociación de Industriales de Guatemala	International
Army Initiatives Group	Military and Defence
Address Indicating Group	Military and Defence
Addressee Indicator Group	Military and Defence
Application Installation Guide	Softwares