AIG vs GWGH

American International Group Inc. New

American International Group, Inc. provides insurance products for commercial, institutional, and individual customers in North America and internationally. The company's General Insurance segment offers general liability, environmental, commercial automobile liability, workers' compensation, casualty, and crisis management insurance products; commercial, industrial, and energy-related property insurance; and aerospace, political risk, trade credit, portfolio solutions, crop, and marine insurance. It also provides professional liability insurance products for a range of businesses and risks, including directors and officers, mergers and acquisitions, fidelity, employment practices, fiduciary liability, cyber risk, kidnap and ransom, and errors and omissions insurance. In addition, this segment offers personal auto and property insurance, voluntary and sponsor-paid personal accident, and supplemental health products; extended warranty insurance products; and travel insurance products. Its Life and Retirement segment offers variable annuities, fixed index and fixed annuities, and retail mutual funds; group mutual funds, group and individual annuities, and investment products, and financial planning and advisory services; plan administrative and compliance services; and term life and universal life insurance. It also provides stable value wrap products, and structured settlement and pension risk transfer annuities; and corporate- and bank-owned life insurance and guaranteed investment contracts. This segment sells its products through independent marketing organizations, independent insurance agents, financial advisors, direct marketing, banks, and broker-dealers. American International Group, Inc. was founded in 1919 and is based in New York, New York.

GWG Holdings Inc

GWG Holdings, Inc., a financial services company, provides various liquidity products and services for the owners of illiquid alternative assets. It operates through two segments, Secondary Life Insurance and Investment in Beneficient. The company offers liquidity to owners of life insurance products; and owns a portfolio of life insurance policies. It also operates a financial services product distribution platform; and develops and commercializes epigenetic technology for the life insurance industry. The company was founded in 2006 and is headquartered in Dallas, Texas.