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Case Study Summary: The Rise and Fall of AIG
Team #3
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Myles Amado-Manchego
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Ally Beckmann
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Steven Lizalde
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Garrett Mckee
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Bradley Luna
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Lucas Ye
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Kolten Tani
Date:
The Rise and Fall of AIG
AIG was founded in the year 1919 by Cornelius Vander Starr. Cornelius spent the next
48 years building AIG internationally, until handing over leadership to Maurice Greenberg in
1967. By 2007, AIG had grown to be the biggest insurer in the world with operations in 130
countries and an asset value worth one trillion dollars. AIG operated across 3 main business
segments, insurance financial services, and derivatives. Before the 2008 housing crisis, AIG held
a triple AAA credit rating, allowing the company to borrow cheaply and expand aggressively
globally.
There are vari...
