NEW YORK--(BUSINESS WIRE)--Jul. 9, 2013--
American International Group, Inc. (NYSE: AIG) issued the following
statement regarding the Financial Stability Oversight Council’s (FSOC)
final determination that AIG should be supervised by the Federal Reserve
“After the close of business on July 8, 2013, AIG received notice from
the U.S. Treasury that the Financial Stability Oversight Council
(FSOC) has made a final determination that AIG should be supervised by
the Board of Governors of the Federal Reserve System as a systemically
important financial institution pursuant to the Dodd-Frank Wall Street
Reform and Consumer Protection Act. AIG did not contest this designation
and welcomes it.”
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. 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
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.
Jon Diat, 212-770-3505