AIG Private Client Group is the high-net-worth personal insurance division of American International Group, Inc. (AIG), one of the largest insurance organizations in the world. AIG was founded in 1919 by Cornelius Vander Starr in Shanghai, China, and later relocated its headquarters to New York City. The Private Client Group division was established to serve affluent individuals and families with complex insurance needs that exceed the scope of standard personal lines coverage.
AIG Private Client Group provides insurance for luxury homes, valuable collections including fine art, jewelry, wine, and antiques, as well as coverage for automobiles, watercraft, and excess liability. The division specializes in insuring properties with high replacement values, including historic estates, architecturally significant residences, and homes with specialized features such as extensive grounds, guest houses, and staff quarters. Coverage can extend to multiple residences across different states and countries.
The division offers risk management consultations, including property inspections, security assessments, and recommendations for protective measures such as fire suppression systems, security installations, and climate-controlled storage for collections. Claims handling for Private Client Group policyholders involves dedicated adjusters experienced with high-value losses and access to specialists in restoration, art conservation, and specialty repair.
AIG is publicly listed on the New York Stock Exchange. The company operates globally, with the Private Client Group primarily serving clients in the United States through a network of independent insurance agents and brokers who specialize in the affluent market.