Insurer AIG is celebrating 40 years in Ireland with a special event in Dublin today. Appropriately enough, the venue is National Museum of Ireland on Kildare Street, with present and former AIG staff in attendance.
A new book on the company’s history has also been published.
AIG companies employ over 900 people in Ireland, principally in Dublin and Cork and provide insurance to 20,000 companies and over one million consumers in Ireland.
History of AIG in Ireland
AIG granted a license by the Department of Industry & Commerce to establish a general insurance company in June 1976. The company then became operational in October 1976.
New offices of the American International Insurance Company of Ireland (AIICO) are officially opened in March 1977 by An Taoiseach Liam Cosgrave.
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AIG’s initial primary focus was on local Irish business but by 1978 AIG had hired staff with specific focus on new business outside of Ireland and in Europe.
In 1989, AIG announces the set up of three financial and insurance companies at the IFSC. 1989 also sees AIG launch the first Dublin Fund listed on the Irish Stock Exchange.
The official opening of AIG house in the Merrion Centre was on 26 June 1991.
1992 – Name changed from AIICI to AIG Europe (Ireland).
In 1993, Sean Hehir looked for new ways to market the brand. This led to sponsorship of the European Champion Hurdle at Leopardstown.
1995 – AIG opens Regional Technical Centre in Dublin.
2009 – AIG Europe (Ireland) renamed Chartis Insurance Ireland.
2010 – AIG establishes Dublin as a centre for Global Investment Administration with $320 billion assets under management.
2012 – AIG brand re-introduced and Declan O’Rourke appointed General Manager of AIG Ireland.
2013 – AIG Ireland launches the Company’s first ever telematics product. 2013 also sees AIG launch its sponsorship of all four Dublin GAA teams and moves its headquarters from Merrion Road to the IFSC.
2015 – AIG finalises its acquisition of Laya Healthcare, Ireland’s second largest health insurer.
