Wednesday, January 25, 2012

Curtis W. Olson Joins AIG Benefit Solutions

Two American International Group units, Chartis U.S. Accident and Health (Chartis A&H) and American General Life Companies, have announced plans to merge their group benefits organizations into a single, unified organization, AIG Benefit Solutions, that will be led by Curtis W. Olson. He will be based in Neptune, N.J.

Olson joined American General Benefit Solutions in June 2011 as president and CEO. Previously, he had been president and CEO of ING Life Insurance, Korea, and prior to that assignment served for several years as president of ING Employee Benefits U.S. -Business Wire


Thursday, April 14, 2011

American International Group Names Peter Juhas

American International Group has named Peter Juhas as its new head of strategic planning.

Juhas will work with AIG’s businesses to develop plans to capitalize on global growth opportunities and ensure the company’s resources are focused on the most attractive activities. He will report to Brian T. Schreiber, AIG executive vice president, treasury and capital markets.

Juhas has worked on numerous transactions spanning mergers, acquisitions, initial public offerings, leveraged buyouts, secondary offerings, hybrids and senior debt offerings. He joins AIG from Morgan Stanley, where he was a managing director in the investment banking division, specializing in insurance and diversified financial companies. He is also the former lead adviser to Federal Reserve Bank of New York and the U.S. Department of the Treasury on AIG-related issues. -BestWire


Friday, April 1, 2011

American International Group Appoints Peter Hancock, John Doyle, Jeffrey Hayman, Peter Eastwood, Alexander Baugh, Jose Hernandez and Julio Portalatin

American International Group announced the reorganization of Chartis, its global property casualty business, and has appointed Peter Hancock as its chief executive officer. He will succeed Kristian Moor, who will assume the office of vice chairman of Chartis.

Hancock joined the company in February 2010,  has been serving as AIG executive vice president, finance, risk and investments. He has been the principal designer of the company’s recapitalization plan, which led to repaying its outstanding obligations to the Federal Reserve Bank of New York and becoming poised to exit government ownership in its entirety.

Under a new structure, Chartis will now consist of two major global groups: commercial, which will be run by John Doyle, previously chief executive officer of Chartis U.S.; and consumer, which will be lead by Jeffrey Hayman, currently Chartis’ chief administrative officer, with the supporting claims, actuarial, and underwriting disciplines will be integrated into these two business operations.

The unit will include four principal regions: U.S./Canada, which will be led by Peter Eastwood, currently president of Lexington Insurance Co.; Europe, which will continue to be led by Alexander Baugh, current president and chief executive officer of Chartis Europe Holdings; Far East, which will be led by Jose Hernandez; and growth economies (formerly emerging markets), which will continue to be led by Julio Portalatin.

All the newly appointed executives will report directly to Hancock.


Wednesday, February 23, 2011

American International Group Names Elizabeth Werner

American International Group announced that Elizabeth Werner has been named AIG vice president and head of investor relations. She reports to Brian T. Schreiber, AIG executive vice president, treasury and capital markets.

Werner was previously a director at Bank of America Merrill Lynch, where she was a sector specialist focusing on insurance stocks and REITs. Prior to that, she was a senior vice president, investor relations and strategic marketing, at National Financial Partners Corp.; managing director at Sandler O’Neill and Partners, where she was a senior equity research analyst covering life insurance and multi-line insurance companies; and vice president at Goldman Sachs & Co., where, as lead equity analyst, she covered small and mid-capitalization insurance stocks. -Business Wire


Tuesday, November 9, 2010

Sid Sankaran To Join American International Group

American International Group announced that Sid Sankaran will join AIG as senior vice president, chief risk officer. He will succeed Robert Lewis, and will report to AIG executive vice president, finance, risk, and investments, Peter D. Hancock.

Sankaran joins AIG from Oliver Wyman Financial Services, where he was a partner in the finance and risk practice and headed the firm’s Toronto office. -Business Wire


Tuesday, July 20, 2010

AIG Appoints Mark Tucker

American International Group will appoint Mark Tucker as head of its Asian business, AIA. He will replace Mark Wilson.

Tucker’s was recently Prudential’s chief executive. -The Daily Telegraph (LONDON)


Tuesday, February 9, 2010

Peter D. Hancock Joins American International Group

Peter D. Hancock will  join American International Group as executive vice president, finance, risk, and investments.

Previously, Mr. Hancock, was vice chair for KeyCorp. He was responsible for Key’s national banking business groups, and had been with the company since December 2008. -SEC Form 8k


Wednesday, January 6, 2010

American International Group Appoints Jeff Hurd, Michael Cowan and Christina Pretto

American International GroupAmerican International Group has named Jeff Hurd as the new head of human resources.

Michael Cowan has been appointed as chief administrative officer.

In his new role, Mr. Cowan will oversee the company’s operations and systems, corporate administration, and the separation office, which focuses on readying businesses for deals.

Mr. Cowan is a longtime employee at Merrill Lynch.

Christina Pretto has been appointed as AIG’s senior vice president – communications, succeeding Nick Ashooh.

Ms. Pretto joined AIG’s communications department a year ago.


Thursday, December 31, 2009

American International Group Announces Management Changes

American International GroupAmerican International Group announced that Anastasia Kelly, vice chairman for legal, human resources, corporate affairs, and corporate communications, has resigned from the company, effective December 30, 2009. In addition, the company announced that Suzanne Folsom, chief compliance and regulatory officer has left to pursue other opportunities. -Business Wire


Friday, August 21, 2009

American International Group Announces Executive Appointments

American International GroupAmerican International Group announced that Jay S. Wintrob has been named president and chief executive officer of domestic life and retirement services, a new position. Mr. Wintrob, formerly president and CEO of AIG retirement services, will lead AIG’s U.S.-based life insurance and retirement services businesses, which market their products and services under the well-established brands American General AGLA, SunAmerica, VALIC, and Western National. Mr. Wintrob was named president and CEO of AIG retirement services in 2001. He previously served as senior vice president, executive vice president, vice chairman, and chief operating officer.

American International Group also announced that Mary Jane Fortin, currently senior executive vice president chief administrative officer, and chief financial officer of the domestic life companies, has been named president and CEO of American General Life Insurance Company. Ms. Fortin, as well as each retirement services profit center president, will report to Mr. Wintrob. She succeeds Matthew E. Winter, who was recently promoted to AIG vice chairman of administration. Ms. Fortin was named senior executive vice president, chief administrative officer and chief financial officer of American General Life Companies in 2009. She joined the American General Life Companies as executive vice president and chief financial officer in 2006. -Business Wire


Friday, August 14, 2009

American International Group Appoints Harvey Golub

Harvey Golub has been appointed non-executive of American International Group after chief executive and chairman Edward Liddy announced he was stepping down from the role after 11 months. Mr. Golub, who took up his new role this week, was elected to the AIG board in May. He was chairman and CEO of American Express from 1993 to 2001. -Post Magazine


Friday, August 7, 2009

American International Group Announces Management and Executive Changes

American International GroupAmerican International Group announced that its board of directors has elected AIG Director Harvey Golub non-executive chairman. Mr. Golub will assume his new role on August 10, 2009, succeeding retiring chairman and CEO Edward M. Liddy. Mr. Golub, was elected to the AIG board of directors in May 2009. Harvey will assume the role of president and chief executive officer of AIG on Monday, August 10. Mr. Golub was chairman and chief executive officer of American Express Company from 1993 to 2001. Mr. Golub is the non-executive chairman of Ripplewood Holdings, a private equity firm based in New York. He is a member of the board of directors of Campbell Soup Company, and formerly it’s non-executive chairman. -Business Wire


Tuesday, August 4, 2009

American International Group Announces Management Changes

American International GroupAmerican International Group announced that its board of directors has elected Robert H. Benmosche as president and chief executive officer. Mr. Benmosche was also elected a member of the board of directors, and will assume his new roles on August 10, 2009, with the retirement of chairman and chief executive officer Edward M. Liddy. In addition, the company announced that Paula Rosput Reynolds, vice chairman and chief restructuring officer, has decided to leave the company effective late in the third quarter of 2009. Mr. Benmosche, 65, is former chairman, president, and chief executive officer of MetLife. Mr. Benmosche led the transition of MetLife from a mutual to a public company in 2000. -Business Wire


Wednesday, June 24, 2009

American International Group Announces Executive Changes

American International Group (AIG) has named Alain Karaoglan as senior vice president-divestiture. As head of the divestiture office team, Mr. Karaoglan will be responsible for bringing to market AIG’s divesting assets and managing the resulting complex transactions around the world. He will report to Paula Rosput Reynolds, AIG vice chairman and chief restructuring officer, and will assume his new duties on June 29, 2009. Mr. Karaoglan succeeds Philip Jacobs, formerly AIG’s global tax director before becoming senior vice president-divestiture. Mr. Jacobs has accepted a senior tax-related position with another company. Prior to joining AIG, Mr. Karaoglan served as managing director-equity research at Banc of America Securities . -Business Wire


Monday, June 1, 2009

Edward Liddy to Step Down from American International Group

American International Group announced that Edward Liddy, its chairman and chief executive officer, would step down when the board of directors selects a successor.


Monday, April 27, 2009

American International Group Announces Management Changes

American International Group has announced that Matthew E. Winter, 52, AIG senior vice president, president and CEO of American General Life Companies, has been named vice chairman, transition planning and administration, reporting to AIG chairman and chief executive officer Edward M. Liddy.

In this position, Mr. Winter succeeds Richard H. Booth, 62, who has retired. Mr. Winter will continue to serve as president and CEO of American General Life Companies, a position he has held since joining AIG in 2006. He was elected AIG senior vice president in March 2007. Previously he served as executive vice president and member of the Office of the CEO for MassMutual Financial Group.

AIG also announced that Jeffrey Hurd, 42, has been named AIG vice president and chief administrative officer and will oversee AIG’s global operations and systems, corporate administration and a variety of special projects, reporting to Mr. Winter. Mr. Hurd will continue to serve as senior vice president and head of asset management restructuring, reporting to Paula Reynolds. He joined AIG in 1998 in the corporate legal department, and was most recently AIG Investments senior managing director, chief administrative officer and general counsel.-Business Wire


Friday, April 3, 2009

American International Group Promotes Vincent Oratore

American International Group announced that Vincent Oratore, currently vice-president, is promoted to deputy president and works for specialising in taxation.


Tuesday, March 3, 2009

American International Announces Appointments

American International Group announced that it intends to form a General Insurance holding company, including its commercial insurance group, foreign general unit, and other property and casualty operations, to be called AIU Holdings with a board of directors, management team and brand distinct from AIG. The establishment of AIU Holdings will assist AIG in preparing for the potential sale of a minority stake in the business, which ultimately may include a public offering of shares, depending on market conditions. When formed, AIU Holdings will be a unique leading franchise with more than 44,000 employees and 500 products and services serving 40 million commercial and individual customers in 130 countries and jurisdictions.

Kristian P. Moor, currently president and CEO, AIG property casualty group, will be president of AIU Holdings. Nicholas C. Walsh, currently president and CEO, AIU, will be vice chairman of AIU Holdings. A chairman will be named at a later date. John Q. Doyle, currently president and CEO, AIG commercial insurance, will assist in the formation of AIU Holdings  by assuming additional responsibility for the domestic personal lines division.-Business Wire


Thursday, February 26, 2009

Frank G. Wisner Plans to Retire from American International Group

Frank G. Wisner, vice chairman, external affairs, has announced his plans to retire from American International Group. Ambassador Wisner, 70, joined the company in 1997 and served on the board of directors from 1997 until 2003. Before coming to AIG, Ambassador Wisner had retired from the U.S. government with the rank of career ambassador, the highest grade in the foreign service.


Tuesday, February 17, 2009

American International Group Announces Retirement of Frank G. Wisner

Frank G. Wisner, vice chairman, External Affairs, has announced his plans to retire from American International Group (AIG). Ambassador Wisner, 70, joined AIG in 1997 and served on the board of directors from 1997 until 2003. Before coming to AIG, ambassador Wisner had retired from the U.S. government with the rank of career ambassador, the highest grade in the foreign service.-Business Wire


Friday, January 30, 2009

American International Group Appoints Anastasia D. Kelly

American International Group has announced that Anastasia D. Kelly, AIG executive vice president, general counsel and senior regulatory and compliance officer, has been named vice chairman.

In this new position, Ms. Kelly assumes responsibility for the communications, corporate affairs and human resources functions, in addition to her present responsibilities for global legal, compliance and regulatory matters. Ms. Kelly joined AIG in September 2006. She was previously executive vice president and general counsel of MCI/WorldCom, where she served as the chief legal officer from 2003 until MCI/WorldCom’s merger with Verizon early in 2006.-Business Wire


Thursday, January 29, 2009

American International Group Appoints Augusto Bermúdez Hoppe

P&C insurer has appointed Augusto Bermúdez Hoppe as its new finance vice president. The executive joins from American International Group, local P&C unit, where he held the position of administrative and finance manager. Bermúdez replaces Sven Will, who will take the role of RSA’s regional controller for Latin America and be based in Brazil.-Business News Americas – English


Wednesday, January 21, 2009

American International Group Announces Management Appointments

American International Group has named Monika M. Machon AIG senior vice president and chief investment officer, responsible for insurance company portfolio management across all asset classes, succeeding Win J. Neuger. Mr. Neuger will continue as AIG investments chairman and chief executive officer, while leading the management team of the external client asset management business that AIG intends to sell. Ms. Machon will report directly to AIG Chairman and Chief Executive Officer Edward J. Liddy.

Jeffrey J. Hurd, who is currently AIG Investments senior managing director, chief administrative officer and general counsel, has been named senior vice president and head of asset management restructuring, responsible for the sale of AIG’s external asset management business and the restructuring of AIG’s asset management function. He will report to AIG Vice Chairman Paula R. Reynolds. Mr. Hurd will retain his current responsibilities prior to the sale.-Business Wire


Monday, January 12, 2009

American International Group Appoints Christina Pretto

American International Group has announced that Christina Pretto has joined AIG as vice president, corporate media relations. Ms. Pretto will oversee all aspects of AIG’s corporate media relations, including developing and implementing AIG’s media relations strategy, counseling senior management on media affairs, and coordinating media activities with AIG’s communications professionals around the world. Ms. Pretto joins AIG from Citigroup, where she was managing director and global head of public affairs, serving as chief media spokesperson.-Business Wire


Friday, October 17, 2008

American International Group Announces Management Changes

American International Group announced that David L. Herzog has been named executive vice president and chief financial officer. Mr. Herzog will assume responsibilities for financial operations across all AIG business units, reporting to Edward Liddy, chairman and chief executive officer of AIG. Mr. Herzog will also assume a central role in overseeing AIG’s plan to address its capital structure and pay down the credit facility from the Federal Reserve Bank of New York. In addition, Mr. Herzog will work closely with AIG’s chief administrative officer in an enterprise-wide review of expenses and practices.

Steven J. Bensinger, who had served since May as vice chairman-financial services and acting chief financial officer, has left AIG to pursue other opportunities. Mr. Herzog, 48, has served as AIG senior vice president and comptroller since June 2005. He joined American General Corporation in February 2000 and, following the AIG acquisition of American General in 2001, was named chief operating officer for the combined domestic life insurance companies.-Business Wire


Friday, May 9, 2008

American International Group Appoints Steven J. Bensinger

American International Group announced that Steven J. Bensinger has been appointed vice chairman-financial services of AIG, effective May 8, 2008, and that he will continue to serve as chief financial officer of AIG until the appointment of his successor.-SEC Form 8k


Monday, March 3, 2008

Joe Cassano to Retire as Chief Executive Officer of American International Group’s Derivatives Unit on March 31, 2008

American International Group, announced that Joe Cassano, chief executive of American International Group’s derivatives unit, will retire on March 31. -MarketWatch