21st Century Insurance Group Announces the Election of Thomas R. Tizzio to Its Board of Directors.WOODLAND HILLS, Calif. -- 21st Century Insurance Group (NYSE NYSE See: New York Stock Exchange :TW) today announced the election of Thomas R. Tizzio to its Board of Directors. Mr. Tizzio retired from American International Group
American International Group, Inc. (AIG) (NYSE: AIG; TYO: 8685 ) is a major American insurance corporation based in New York City. , Inc. (AIG AIG addressee indicator group (US DoD) AIG American International Group, Inc AiG Answers in Genesis (religious group in defense of Scripture) AIG Artificial Intelligence Group AIG Australian Industry Group ) on Friday, March 31, 2006. His career at AIG spanned more than 38 years where he held numerous leadership roles including President from 1991 to 1997 and most recently as Senior Vice Chairman, General Insurance. Mr. Tizzio remains an Honorary Director of AIG and has agreed to serve as an advisor to that company. He is also active as a trustee of the American Institute for Property and Liability Underwriters and the Insurance Institute of America. In 2003, he received the National Italian American Foundation The National Italian American Foundation (NIAF) is an advocacy organization for Italian Americans, the fifth largest ethnic group in the United States of America. It is based in Washington, D.C. Its mission is to preserve and protect Italian American heritage and culture. Lifetime Achievement award. "Mr. Tizzio has had a distinguished career and is widely respected in the industry. We look forward to his guidance and counsel as we expand nationally," said Bruce Marlow, President & Chief Executive Officer. "He has a wealth of knowledge and experience earned over a lifetime in our industry. We are honored to have him join our Board and contribute to our continued growth and our corporate governance Corporate Governance The relationship between all the stakeholders in a company. This includes the shareholders, directors, and management of a company, as defined by the corporate charter, bylaws, formal policy, and rule of law. activities." Mr. Tizzio will fill the vacancy left by the late James P. Miscoll, former Vice-Chairman of Bank of America
Bank of America (NYSE: BAC TYO: 8648 ) is the largest commercial bank in the United States in terms of deposits, and the largest company of its kind in the world. , who resigned from the Board due to health reasons on January 20, 2006. "Jim was energetic with his Board responsibilities until the end. We greatly miss the stewardship he provided to us for eight years," added Marlow. About 21st: Good people to call Founded in 1958, 21st Century Insurance Group is a direct-to-consumer provider of personal auto insurance. With $1.4 billion of revenue in 2005, the Company insures over 1.5 million vehicles in California, Texas, Illinois, and six other states. 21st provides superior policy features and 24/7 customer service at a competitive price. Customers can purchase insurance, service their policy or report a claim at www.21st.com or on the phone with our licensed insurance professionals at 1-800-211-SAVE, 24 hours a day, 365 days a year. Service is offered in English and Spanish both on the phone and on the web. 21st Century Insurance Company, 21st Century Casualty Company, and 21st Century Insurance Company of the Southwest are rated A+ by Fitch Ratings Fitch Ratings An international rating agency for financial institutions, insurance companies, and corporate, sovereign, and municipal debt. Fitch Ratings has headquarters in New York and London and is wholly owned by FIMALAC of Paris. and Standard & Poor's. 21st Century Insurance Group is traded on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. under the trading symbol TW and is headquartered at 21st Century Plaza, 6301 Owensmouth Avenue, Woodland Hills, CA 91367. |
|
||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion