NEW YORK--(BUSINESS WIRE)--Aug. 14, 2013--
American International Group (NYSE: AIG) today announced that Kevin
Hogan has been named Chief Executive Officer of AIG Global Consumer
Insurance. Mr. Hogan, who previously had a 24-year career at AIG, is
expected to formally rejoin AIG in early October.
Mr. Hogan was most recently Chief Executive Officer of Global Life,
Zurich Insurance Group, and was a member of the Zurich Executive
Committee. He will become a member of the AIG Executive Group and will
report to Peter D. Hancock, Chief Executive Officer of AIG Property
In addition, AIG’s global life insurance manufacturing will become part
of AIG Global Consumer Insurance. AIG Life and Retirement, under the
leadership of President and Chief Executive Officer Jay S. Wintrob, will
continue to be responsible for AIG’s retirement business, as well as the
distribution of all the company’s U.S. life and retirement products.
“I’m delighted to welcome Kevin Hogan back to AIG,” said Robert H.
Benmosche, President and Chief Executive Officer of AIG. “I am very
enthusiastic about the growth potential of our market-leading global PC
consumer and life businesses, and believe they will prosper under
Kevin’s strong leadership. Putting the manufacturing of these critical
products under the same oversight is an important step in our work to
become truly one AIG. In addition, our global consumer network will
benefit from the sophistication, scale, and success of our U.S. life
Mr. Hancock said, “Kevin is an insurance veteran who brings tremendous
experience and firsthand knowledge of the global footprint of our PC
consumer and life businesses and the opportunities they represent.
Kevin’s leadership and background make him uniquely positioned to
strategically lead and enhance this important business segment. We are
glad to welcome back Kevin to AIG, where he spent most of his career.”
Mr. Hogan started his career in 1984 at AIG with American International
Underwriters (AIU) in New York, and subsequently held management
positions in Chicago, Tokyo, Hong Kong, and Singapore. In 1998, he was
appointed President of AIG’s Accident & Health Division in New York and
was elected an AIG Vice President in 2001. In 2002, he also became Chief
Operating Officer of AIU. In 2003, Mr. Hogan moved to Beijing to assume
responsibility for AIG’s partnership with the People’s Insurance Company
of China. In 2005, he became AIG’s Senior Life Division Executive for
China and Taiwan, where he was responsible for AIA China and Nan-Shan.
In 2008, he returned to New York as AIG’s Chief Distribution Officer,
Foreign Life and Retirement Services.
Mr. Hogan joined Zurich in December 2008 as CEO, Global Life Americas.
In this role, he led Zurich’s Life insurance business in North and South
America, with accountability for Farmers Life and Zurich’s Latin America
Life Operations. He became CEO, Global Life, in July 2010. Mr. Hogan is
a graduate of Dartmouth College.
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG’s control. It is
possible that actual results will differ, possibly materially, from the
anticipated results indicated in these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the SEC pursuant to the Securities Exchange Act of 1934.
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
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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
Matt Gallagher, Media, 212-458-3247
Diat, Media, 212-770-3505
Werner, Investors, 212-770-7074