|AIG ELECTS WILLIAM S. COHEN TO BOARD OF DIRECTORS|
NEW YORK, Feb 2, 2004 (BUSINESS WIRE) -- The Board of Directors of American International Group, Inc. (AIG) has elected former United States Secretary of Defense and former United States Senator William S. Cohen as a Director.
Mr. Cohen, 63, is currently Chairman and Chief Executive Officer of The Cohen Group, a consulting firm headquartered in Washington, D.C. He is Chairman of the US-Taiwan Business Council and the William S. Cohen Center for International Policy and Commerce at the University of Maine.
Mr. Cohen served from 1997 to 2001 as United States Secretary of Defense in the Clinton Administration and as United States Senator from Maine from 1979 to 1997. Prior to his election to the Senate, he represented the Second District of Maine in the United States Congress from 1973-1979. He was Mayor of Bangor, Maine and Assistant Penobscot County Attorney prior to his Congressional service. He graduated with a bachelor's degree from Bowdoin College and received a law degree from Boston University School of Law.
Commenting on the election of Mr. Cohen, M. R. Greenberg, AIG Chairman, said "I am pleased that Bill Cohen has joined the AIG Board. He brings extraordinary experience and a global perspective in areas that are important to AIG, and we look forward to his contributions to AIG as a Director."
American International Group, Inc. (AIG) is the world's leading international insurance and financial services organization, with operations in approximately 130 countries and jurisdictions. AIG member companies serve commercial, institutional and individual customers through the most extensive worldwide property-casualty and life insurance networks of any insurer. In the United States, AIG companies are the largest underwriters of commercial and industrial insurance and AIG American General is a top-ranked life insurer. AIG's global businesses also include financial services, retirement services and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making. AIG's growing global consumer finance business is led in the United States by American General Finance. AIG also has one of the largest U.S. retirement services businesses through AIG SunAmerica and AIG VALIC, and is a leader in asset management for the individual and institutional markets, with specialized investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
SOURCE: American International Group, Inc.