|AIG ANNOUNCES TIMOTHY SCHILTZ AS REGIONAL VICE PRESIDENT OF AIG INTERNATIONAL RETIREMENT SERVICES - ASIA|
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NEW YORK & TOKYO, Apr 02, 2006 -- American International Group, Inc. (AIG) has announced that Timothy Schiltz has been named Regional Vice President of AIG International Retirement Services - Asia. Mr. Schiltz, 45, will be responsible for continuing the profitable growth of AIG's Japan and Korea retirement services businesses and for identifying additional opportunities for expansion throughout Asia. He will also focus on leveraging AIG's unsurpassed global presence, network of distribution partners, and the operations platform and expertise of local AIG companies in the region.
Mr. Schiltz will report to Jay S. Wintrob, AIG Executive Vice President, Retirement Services, and regionally to Edmund S. W. Tse, AIG Senior Vice Chairman, Life Insurance and Seiki Tokuni, AIG Vice President and Regional Senior Vice President and COO, Life Insurance, for AIG Companies, Japan and Korea.
Mr. Schiltz, who will be based in Tokyo, joins the AIG Companies from Hartford Life Japan where he served as President and CEO since 2000 and was responsible for leading a start-up company that became the leading provider of variable annuities in Japan during his tenure. Previously, Mr. Schiltz served as Hartford Life's Vice President and Director of Institutional Investment Products from 1996 to 1999 and was named Director of Risk Management in 1995. He joined the company in 1993 as Director of Product Management, Individual Annuities. Prior to joining Hartford Life, Mr. Schiltz served a consulting actuary for the actuarial firms Milliman, Inc. and Robertson and Chalke, Inc.
Mr. Schiltz earned his B.S. degree in Integrated Studies (with a focus in Actuarial Science) from the University of Nebraska in 1983. He received his Fellowship in the Society of Actuaries in 1988.
Commenting on the announcement, Martin J. Sullivan, AIG President and Chief Executive Officer, said, "Tim Schiltz brings to AIG a wealth of knowledge and expertise in developing and distributing retirement savings products. His strong leadership and demonstrated success in the United States and Japan will benefit AIG in the future as we continue to expand our retirement services businesses in key markets throughout Asia. AIG is uniquely positioned to become the leading provider in the worldwide retirement savings market in the years ahead. We are confident that Tim's contributions will lead to future growth and strong results for AIG in the growing market for retirement savings products and services."
American International Group, Inc. (AIG), world leaders 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 in the U.S. on the New York Stock Exchange, as well as the stock exchanges in London, Paris, Switzerland and Tokyo.
(for AIG Retirement Services, Inc.)