Company Background :-
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AIG's history dates back to 1919, when CorneliusVander Starr established an insurance agency inShanghai, China. Starr was the first Westerner inShanghai to sell insurance to the Chinese.
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In 1962, Starr gave management of thecompany's less than successful U.S. holdings toMaurice R. "Hank" Greenberg, who shifted thecompany's U.S. focus from personal insurance tohigh-margin corporate coverage.
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The company went public in 1969.
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