James A. Mallon To Retire From AIG

NEW YORK, November 17, 2014 – American International Group, Inc. (NYSE: AIG) said today that James A. Mallon, President, Life Insurance, AIG Global Consumer Insurance, has announced his retirement, effective in March 2015.

“Jim will be retiring after 10 years with AIG and an impressive 40-plus years in the life insurance industry,” said Kevin Hogan, Chief Executive Officer, Consumer Insurance. “Jim’s contributions to our success are immense, and we owe him tremendous gratitude.”

He added, “Jim has agreed to continue in his current role until March 2015 to help ensure a very smooth transition. While we still have the pleasure of working with Jim for a few more months, we would like to take this opportunity to thank him for his dedicated, passionate leadership, and to wish him a long, happy, and healthy retirement.”

AIG has named 28-year industry veteran Charlie Shamieh, currently Corporate Chief Actuary, to the position of Chief Executive Officer, Life, Health, and Disability Insurance, also effective in March 2015.

Other appointments that take place immediately include Rod Rishel to the position of Head of U.S. Life Insurance, and Tim Heslin to the role of Head of Global Risk Selection.

“Each of these seasoned leaders will focus on designing their organizational structures to best meet our needs, both current and future,” Hogan said. “We’re committed to bringing together the skills, resources, and capabilities of AIG to continue providing valuable protection and retirement solutions that meet the needs of today’s global consumers.”