NEW YORK--(BUSINESS WIRE)--Sep. 5, 2017--
American International Group, Inc. (NYSE: AIG) announced today that Lucy
Fato will join the company as Executive Vice President and General
Counsel, effective October 16. Ms. Fato is currently Managing Director,
Head of the Americas and General Counsel at the global investigations
firm Nardello & Co. Earlier in her career, she served as Vice President,
Deputy General Counsel and Corporate Secretary at Marsh & McLennan
Companies (MMC).
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Lucy Fato, Executive Vice President and General Counsel, AIG (Photo: Business Wire)
At AIG, Ms. Fato will oversee the Global Legal, Compliance, Regulatory
and Government Affairs function, and will report to AIG President and
Chief Executive Officer Brian Duperreault. She will also serve as a
member of AIG’s Executive Leadership Team, and will participate in all
strategic and policy decisions affecting the company’s operations. Ms.
Fato succeeds Peter Solmssen, who has served as AIG’s General Counsel
since 2016 and is returning to retirement.
“I had the privilege of working with Lucy at MMC and know firsthand that
she is an incredibly accomplished executive and strategic partner,” said
Mr. Duperreault. “Her experience of more than 25 years working across a
variety of complex legal, compliance, regulatory and corporate
governance matters will be a strong addition to our leadership team as
we grow AIG and build long-term shareholder value.”
Mr. Duperreault continued, “I want to thank Peter for his contributions
and exceptional service to AIG. We wish him well in his retirement.”
Ms. Fato said, “I am honored to be joining Brian and the Executive
Leadership Team at one of the world’s iconic companies. Having worked
with Brian throughout his tenure at MMC, I have tremendous admiration
and respect for all that he has accomplished over his career. I look
forward to working with him again at this pivotal time in AIG’s history
and collaborating with the many talented colleagues across the
organization.”
At Nardello & Co., Ms. Fato has overseen the firm’s North American and
South American practices in addition to acting as the firm’s global
General Counsel. She will continue to serve the firm in an advisory
capacity. Prior to Nardello & Co. and after MMC, Ms. Fato was Executive
Vice President and General Counsel of McGraw Hill Financial (now known
as S&P Global). Ms. Fato began her legal career in 1991 at the law firm
Davis Polk & Wardwell, where she spent 14 years, including five as a
partner in the capital markets group.
Ms. Fato is on the Board of Trustees of the Randall’s Island Park
Alliance. She graduated Phi Beta Kappa from the University of Pittsburgh
with a B.A. in Business and Economics, and she received her J.D. from
the University of Pittsburgh School of Law. She is admitted to the State
Bars of New York and California.
# # #
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG’s core businesses
include Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability and
Financial Lines, and Property and Special Risks. Consumer Insurance
comprises four modules – Individual Retirement, Group Retirement, Life
Insurance and Personal Insurance. 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 www.twitter.com/AIGinsurance
| LinkedIn: www.linkedin.com/company/aig.
These references with additional information about AIG have been
provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
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.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170905006455/en/
Source: American International Group, Inc.
American International Group, Inc.
Investors:
Liz Werner,
212-770-7074
elizabeth.werner@aig.com
or
Media:
Claire
Talcott, 212-458-6343
claire.talcott@aig.com
or
Samantha
Ebinger, 212-770-8433
samantha.ebinger@aig.com