AIG Re

AIG Re is a division of American International Group that specializes in insurance for other insurance companies, called reinsurance. Essentially, AIG Re provides financial backup to help primary insurers manage risk by covering large or unexpected claims. This allows insurance companies to operate more securely, offer broader coverage, and remain financially stable. AIG Re uses complex models to assess risks and set appropriate premiums, enabling the insurance industry to share and mitigate risks effectively. Its role is vital in maintaining the stability and resilience of the global insurance market.