AIG Appoints Charlie Shamieh CEO Life, Health, and Disability Insurance; Alessa Quane Named Corporate Chief Actuary

NEW YORK--(BUSINESS WIRE)--Nov. 13, 2014-- American International Group, Inc. (NYSE: AIG) announced today that it has named Charlie Shamieh Chief Executive Officer, Life, Health, and Disability Insurance. Alessa Quane, currently Chief Risk Officer for Commercial Insurance, will assume Mr. Shamieh’s responsibilities as Corporate Chief Actuary, overseeing Global Actuarial and Value Management.

Mr. Shamieh will report to Kevin Hogan, Chief Executive Officer, Consumer Insurance, and Ms. Quane will report to David Herzog, Chief Financial Officer. The appointments take effect in March 2015.

“We are delighted that Charlie, a seasoned executive who has broad international experience in both life and non-life insurance, is taking on this role,” Mr. Hogan said. "He is well-suited to bring further innovation and creativity to the expanding Life, Health, and Disability opportunities available to AIG. Charlie’s role as Corporate Chief Actuary has provided him great insight into the structural drivers behind all of our products and businesses. He will continue to enhance and further develop our businesses in the U.S., Japan, China, and UK, as well as explore additional opportunities to enter new products, services, and geographies.”

Mr. Shamieh has more than 28 years of industry experience, having held senior insurance and reinsurance executive positions across three continents. Since joining AIG in 2007, he has made significant contributions, including building the risk functions in each of AIG’s insurance businesses and, in 2011, establishing the first integrated corporate actuarial function. In this role, he also led AIG’s insurance company regulatory and rating agency capital and asset-liability management efforts, as well as value-based management initiatives.

Prior to joining AIG, Mr. Shamieh held senior insurance and reinsurance executive positions at Munich Re Group, AMP, Mercer, Deloitte, and Oliver, Wyman & Company. Mr. Shamieh holds a Bachelor of Economics degree from Macquarie University, and is a Fellow of The Institute of Actuaries of Australia and a Member of the American Academy of Actuaries.

An 18-year veteran of AIG, Ms. Quane becomes Corporate Chief Actuary after serving in a variety of leadership roles at AIG in Enterprise Risk Management and Actuarial. Prior to becoming Chief Risk Officer for Commercial Insurance, she supported the property casualty business as Chief Risk Officer and as Head of Enterprise Risk Strategy. Ms. Quane also served as Chief Risk Officer for AIG’s international businesses and as Chief Actuary for the UK/Ireland, and European regions.

“Alessa is a proven leader,” Mr. Herzog said. “As AIG’s Chief Actuary, Alessa will be responsible for leading, and continuing to build on, the foundations that Charlie and his teams have created. We are confident in Alessa’s abilities and the perspectives she will bring to this leadership role, especially as AIG faces increasingly new and complex risks specific to our businesses.”

Ms. Quane is a Fellow of the Casualty Actuarial Society and a Member of American Academy of Actuaries. She holds a Bachelor of Science in Business Administration degree from Drake University.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.

Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig |Twitter: @AIGInsurance | LinkedIn: http://www.linkedin.com/company/aig |

AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

Source: American International Group, Inc.

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