|AIG ESTABLISHES AIG PROPERTY CASUALTY GROUP AND ANNOUNCES EXECUTIVE APPOINTMENTS|
Domestic Brokerage Group Renamed AIG Commercial Insurance Group
NEW YORK--April 7, 2008--American International Group, Inc. (AIG) has renamed its Domestic General Insurance operations the AIG Property Casualty Group, reflecting the increasing power of AIG's corporate brand, while providing its customers, shareholders and regulators with a clearer view of AIG's U.S. and Canadian operations. The new AIG Property Casualty Group will include the AIG Domestic Brokerage Group companies, which will now be known as AIG Commercial Insurance Group, as well as the AIG Domestic Personal Lines companies, United Guaranty Corporation, and The Hartford Steam Boiler Inspection and Insurance Company.
AIG Executive Vice President Kristian P. Moor has been named President and Chief Executive Officer of the new AIG Property Casualty Group. Mr. Moor joined AIG in 1981 and served in various senior positions in the management liability division of AIG's National Union Fire Insurance Company of Pittsburgh, Pa. He was named President of National Union in 1995 and in 1997 he was elected an AIG Senior Vice President and named President and Chief Executive Officer of the Domestic Brokerage Group. Mr. Moor is also a member of the AIG Group Executive Committee. He is a graduate of Bryant University and holds an MBA degree in Finance from Pace University.
Kevin H. Kelley, Chairman and Chief Executive Officer of AIG's Lexington Insurance Company, has been named Executive Vice President of AIG Property Casualty Group and President of AIG Domestic Personal Lines, reporting to Mr. Moor. Mr. Kelley will also continue as Chairman and CEO of Lexington Insurance Company. Mr. Kelley joined Lexington Insurance in 1975 as a senior underwriter. He has held a number of executive positions at Lexington, becoming President and CEO in 1987 and Chairman in 1997. Mr. Kelley was elected AIG Senior Vice President, Domestic General Insurance in 1991. He is a graduate of Boston University.
John Q. Doyle, President and Chief Executive Officer of AIG Executive Liability and AIG's American Home Assurance Company, has been appointed Executive Vice President of AIG Property Casualty Group, and President of the new AIG Commercial Insurance Group, reporting to Mr. Moor. Mr. Doyle will be responsible for overseeing all of the AIG domestic commercial insurance businesses. Mr. Doyle joined AIG's National Union in 1986 where he held several positions of increasing responsibility. He also served as Domestic Brokerage Group Executive Vice President responsible for Field Operations. He became President of American Home in 2002. He was named President and CEO of AIG Executive Liability and elected AIG Senior Vice President, Domestic General Insurance in 2006. Mr. Doyle is a graduate of the State University of New York at Buffalo.
AIG President and Chief Executive Officer Martin J. Sullivan said, "These organizational changes will contribute substantially to an improved operating environment, provide greater results in our Deliver the Firm initiative and a better customer service framework for our property and casualty customers in the United States and Canada."
American International Group, Inc. (AIG), a world leader in insurance and financial services, is the leading international insurance organization with operations in more than 130 countries and jurisdictions. AIG companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In addition, AIG companies are leading providers of retirement services, financial services and asset management around the world. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in Ireland and Tokyo.