Cornelius Vander Starr
Dutch
Cornelius Vander Starr was of Dutch ancestry. His father worked as a railroad engineer. This background likely influenced Starr’s early life and possibly contributed to his later entrepreneurial ventures. For more detailed information on his family background and early influences, you can refer to his Wikipedia page here.
Cornelius Vander Starr, known as the founder of AIG, was born in 1892 in Fort Bragg, California. He briefly attended the University of California, Berkeley, but dropped out and began selling ice cream in his hometown. Starr joined the U.S. Army in 1918, and shortly after, moved to Asia where he delved into the insurance industry. In 1919, he founded American Asiatic Underwriters in Shanghai. During World War II, Starr worked for the Office of Strategic Services, contributing to intelligence efforts. In 1949, following the advancement of Communist forces in China, Starr relocated his business to New York City. AIG eventually grew to become the world’s largest insurance company. Starr’s legacy continues through the C.V. Starr Foundation, which supports various philanthropic causes. For more in-depth information, you can visit the detailed Wikipedia page on Cornelius Vander Starr here.
Cornelius Vander Starr, born on October 15, 1892, was an influential American businessman and the founder of C.V. Starr & Co., which later evolved into the insurance giant AIG. He established the company in Shanghai, China, in 1919. Starr’s business acumen propelled AIG from a market value of $300 million to becoming the world’s largest insurance company, valued at $180 billion. His legacy includes the C.V. Starr Foundation, which has contributed over $3.8 billion in grants worldwide. Starr’s early life in Fort Bragg, California, and his time at the University of California, Berkeley, shaped his entrepreneurial journey oai_citation:1,Cornelius Vander Starr – Wikipedia.
1919–
Its history dates back to 1919, when it was founded in Shanghai, China, by Cornelius Vander Starr.
Who’s American International Group Incorporated?
American International Group, Inc. (AIG) is a major American multinational finance and insurance corporation. With its headquarters in New York City, AIG operates in more than 80 countries and jurisdictions. It offers a broad range of insurance products to both commercial and individual customers, including liability, financial lines, property, global specialty, personal lines, and accident and health insurance.
AIG has a significant presence in the global insurance industry, serving 87% of the Fortune Global 500 and 83% of the Forbes 2000 companies. Its history dates back to 1919, when it was founded in Shanghai, China, by Cornelius Vander Starr. The company moved its headquarters to New York City in 1939 and continued to expand internationally in the following decades. During the financial crisis of 2007–2008, AIG faced significant challenges and received a $180 billion bailout from the Federal Reserve, which the company repaid by 2012.
Today, AIG is a public company with a wide array of insurance and financial services, marketed and distributed through various channels like brokers, agents, and affinity partners. The company has seen its fair share of ups and downs, including an accounting scandal in 2005 and various strategic transformations in response to the changing financial landscape oai_citation:1,American International Group – Wikipedia oai_citation:2,American International Group Inc Company Profile – American International Group Inc Overview – GlobalData.
As of 2024, Blackstone is primarily owned by institutional shareholders, accounting for 69.13% of its stock. The largest individual shareholder is American International Group Inc, holding 6.44% of the company. Blackstone insiders own 9.14% of the stock, and the remainder is held by retail investors. Among institutional investors, Vanguard Group Inc and Blackrock Inc are significant shareholders oai_citation:1,Blackstone Stock Ownership – Who Owns Blackstone in 2024? | WallStreetZen oai_citation:2, Blackstone (BX) Institutional Ownership 2024 .