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2004 World Technology Awards Winners & Finalists

Maurice (Hank) Greenberg

Please describe the work that you are doing that you consider to be the most innovative and of the greatest likely long-term significance.

American International Group, Inc. (AIG) is the world’s leading international insurance and financial services organization, with operations in more than 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG’s global businesses also include financial services, retirement services and asset management. AIG’s financial services businesses include aircraft leasing, financial products, trading and market making. AIG’s growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG’s common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.

Brief Biography

Upstate New York farm boy joined Cornelius Vander Starr's American International in early 1960s, took over as CEO and went public 1969. Turned into multinational giant AIG, with annual profits over $5 billion. "Hank" Greenberg still at helm--and still looking for successor after sons left business. AIG took $820 million hit following Sept. 11; acquired American General for $23 billion after outbidding Britain's Prudential. Continuing efforts to open up Chinese markets.