|AIG CONSOLIDATES GENERAL INSURANCE CLAIMS OPERATIONS|
Charles R. Schader Named Chief Claims Officer for General Insurance
NEW YORK--April 9, 2008--American International Group, Inc. (AIG) has announced the consolidation of its General Insurance Claims operations and named Charles R. Schader, AIG Senior Vice President-Claims, to the newly created position of Chief Claims Officer for General Insurance. Mr. Schader will be responsible for both AIG Foreign General Insurance and AIG Property Casualty Group claims operations, and report to Nicholas C. Walsh, AIG Executive Vice President, Foreign General Insurance, and Kristian P. Moor, AIG Executive Vice President and President and CEO of AIG Property Casualty Group.
Mr. Schader joined AIG in 1984 and held positions in litigation, excess liability, toxic tort, environmental, and management and professional liability claims for AIG's American Home Assurance Company, AIG Executive Liability and AIG Technical Services. He was elected AIG Senior Vice President-Claims in 2000. Mr. Schader is a graduate of Dartmouth College and holds JD and LLM (in Corporation Law) degrees from New York University School of Law.
Peter D. Aiena, Executive Vice President, Foreign General Claims for American International Underwriters (AIU), will continue in his current role and report to Mr. Walsh and Mr. Schader. AIU is the marketing unit for AIG's overseas property-casualty operations. Mr. Aiena began his career with AIU in 1992 as Regional Vice President for Claims in the Far East region (Japan and Korea). In 1998, he was named AIU Senior Vice President for Foreign General Claims. He is a graduate of the University of New Orleans.
James A. Porcari III, President of Domestic Personal Lines Claims, will continue in his current role and report to Kevin H. Kelley, AIG Senior Vice President and President of Domestic Personal Lines, and to Mr. Schader. Mr. Porcari joined AIG in 2002, and has held several senior level claims positions in Domestic Personal Lines. He was named to his current position in 2005. Mr. Porcari is a graduate of The University of Dayton and holds an MBA degree from Southern Methodist University.
Richard C. Woollams, President of Property-Casualty Severity Claims, has been named Senior Vice President and Chief Claims Officer of AIG Commercial Insurance Group. Mr. Woollams will report to John Q. Doyle, President of AIG Commercial Insurance, and to Mr. Schader. Mr. Woollams joined AIG in 1997 as Vice President in AIG Technical Services where he managed excess casualty claims. He was named President of Domestic Property-Casualty Severity Claims in 2001. Mr. Woollams is a graduate of Kent State University and holds a JD degree from Cleveland State University.
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.