Avantages
Good benefits including paid paternity leave, generous PTO, 401k match. It was a great place to learn the P&C industry. The AIG alumni network is very broad, and Recruiters/competitors value AIG experience on the resume. AIG prioritizes building relationships with major clients, which is something many other carriers don’t do well. Still a household name in the industry.
Inconvénients
AIG is a shadow of its former self. Previous CEO tried to flatten the organization, only to have Duperreault come in and hire dozens of outside executives which made AIG top-heavy again. Raises and promotions are generally non-existent while the new CEO collected a staggering paycheck for 2017 akin to a top professional athlete. Archaic IT infrastructure in most divisions, teams are lean to the point of high burnout and turnover. Little to no support staff in some underwriting units, leaving underwriters responsible for the entire end-to-end process. Very low morale, and bureaucratic speed bumps at every turn. Still has somewhat of an Old Boys’ Club mentality, which could be a pro or con depending on the person. Senior leadership is completely out of touch with the people who actually generate revenue.