Reinsurance News

AIG to relocate global headquarters, consolidate remaining NY office space

22nd July 2020 - Author: Charlie Wood

Global re/insurer AIG is relocating its global headquarters from the Financial District in Manhattan to Midtown, while also consolidating its remaining footprint in the city.

AIG LogoAIG Chief Executive Officer and President Peter Zaffino said the decision has been influenced by the recent COVID-19 lockdowns.

As businesses start transitioning back from lockdown, the lessons learned are likely to have permanently altered the way many view their relationship with traditional office space.

AIG’s new global headquarters will be located at 1271 Avenue of the Americas, where it will occupy 8 floors and 325,000 square feet within the Rockefeller Center.

Its remaining NY footprint will be consolidated into approximately 450,000 square feet divided between two new locations at 28 Liberty Street in Manhattan and 30 Hudson Street in Jersey City, New Jersey.

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AIG plans to move into the three new offices in 2021.

“New York City has played an important part in AIG’s history and we are proud to be headquartered in this unique and resilient city,” said Brian Duperreault, AIG’s Chief Executive Officer.

“Our new midtown headquarters building is in close proximity to many of our clients, distribution partners and other stakeholders. We take pride in our role as a responsible corporate citizen and remain committed to doing our part to help strengthen our New York City and Jersey City communities.”

“By optimizing and modernizing our New York City area real estate footprint, we will align our workplaces with the objectives of AIG 200, our global, multi-year effort to position AIG for the future,” said Zaffino,.

“We are designing offices in these three class A buildings that will allow our teams to work more effectively and collaboratively with high-quality infrastructure.

“Our people are our most important asset, and we remain committed to providing a safe and productive work environment while incorporating key learnings that have emerged while working remotely.”

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