LOS ANGELES--(BUSINESS WIRE)--Feb. 13, 2017--
American International Group, Inc. (NYSE:AIG), today announced that
Robert Scheinerman, currently President, Individual Retirement, will
become President, Group Retirement. Adding to the strength and breadth
of its management team, Todd Solash has joined AIG as President,
Individual Retirement.
“The goal of our Individual and Group Retirement businesses is to serve
our clients and distribution partners with diligence, innovative
solutions and care, helping millions of Americans to achieve financial
security in retirement,” said Jana W. Greer, President and CEO,
Individual and Group Retirement, AIG. “In today’s economic, market and
regulatory environment, it is essential that our industry-leading
Retirement businesses benefit from experienced executives like Rob and
Todd, and exceptionally skilled senior management teams who are highly
focused on serving our customers and expanding our market leadership.”
Since joining AIG in 2003, Mr. Scheinerman has helped propel AIG’s
Individual Retirement business forward in the face of many complex and
challenging market cycles. During his tenure, AIG has achieved strong
market positions, including number two in total annuity sales through
the third quarter of 2016 and top five positions across all major
annuity lines – variable, index and fixed.
In his new capacity, Mr. Scheinerman will spearhead the continued
expansion of VALIC, AIG’s Group Retirement business. VALIC is a top five
industry leader in the not-for-profit Defined Contribution retirement
market, serving more than 23,000 employer plans and 1.9 million clients.
Mr. Scheinerman will continue to be based in Houston, where the Group
Retirement business is headquartered.
In his new role, Mr. Solash will have responsibility for the growth and
management of the Individual Retirement business, including product
manufacturing, market strategy, and operations. He will be based in
Woodland Hills, California, where the Individual Retirement business is
headquartered. Mr. Solash joins AIG from AXA Equitable, where he held
key senior management positions, including Senior Executive Director,
Head of Individual Annuity Business. Earlier in his career, Mr. Solash
was a partner at Oliver Wyman Financial Services, where he consulted
with major life insurers, property casualty insurers and banks on a
variety of strategy, product development and risk issues.
Both Mr. Solash and Mr. Scheinerman will report directly to Ms. Greer.
American International Group, Inc. (AIG) is a leading global insurance
organization serving customers in more than 100 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.
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/20170213005610/en/
Source: American International Group, Inc.
AIG
Linda Malamut, 310-772-6533
linda.malamut@aig.com