AIG Forms New International Retirement Savings Unit to be Headed by John Graf.Business Editors NEW YORK--(BUSINESS WIRE)--Nov. 6, 2002 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 ) has announced that it has formed a new international retirement savings unit that will leverage AIG's market leading U.S. retirement savings business with its unsurpassed global network, capitalizing on the brand recognition, distribution force and customer service expertise of local AIG companies. John A. Graf GRAF - GRaphic Additions to Fortran. Fortran plus graphic data types. ["GRAF: Graphic Additions to Fortran", A. Hurwitz et al, Proc SJCC 30 (1967)]. [Sammet 1969, p. 674]. , AIG Executive Vice President, Retirement Savings will head the international retirement savings unit. As part of this initiative, AIG life insurance operations in overseas markets will establish local retirement savings businesses, with managers of these businesses reporting jointly to Mr. Graf and local life insurance executives. AIG's foreign life network encompasses more than 70 countries, including many where AIG businesses have been active for more than 50 years. Mr. Graf, who will be located in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , will continue to serve as Vice Chairman and a member of the Board of Directors of AIG SunAmerica Inc., drawing upon the capabilities of AIG's domestic retirement savings businesses to support international growth initiatives. Mr. Graf was named Vice Chairman of AIG SunAmerica Inc. following AIG's acquisition of American General Corporation in 2001 and was elected AIG Executive Vice President, Retirement Savings in 2002. He was Senior Vice Chairman, Asset Accumulation at American General when that company was acquired by AIG. He joined American General as President of Retirement Services in 1998, following American General's acquisition of Western National Corporation, where he had served as Vice Chairman and Chief Marketing and Administrative Officer. Mr. Graf began his 20-year financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry career with John Hancock. He is a graduate of the University of Illinois University of Illinois may refer to:
Commenting on the announcement, AIG Chairman M. R. Greenberg said, "The need for individuals to provide for their own retirement is a worldwide issue, especially in the large majority of countries where state run pension programs are inadequate. We have a major opportunity to introduce our expansive product portfolio, advisory skills and marketing expertise into overseas markets where AIG has extensive and longstanding operations. In many markets, we already have been successful serving, with a wide range of products, a full array of the financial needs of our large policyholder Policyholder An individual who owns an insurance policy. base. With a global franchise unmatched by any other financial services organization, AIG is uniquely positioned to become the leading provider in the worldwide retirement savings market in the years ahead. "John Graf is a proven executive with extensive experience in the development and distribution of retirement savings products. He will provide strong leadership as we build our retirement savings business in overseas markets." AIG is the world's leading U.S.-based international insurance and financial services organization, the largest underwriter underwriter n. a company or person which/who underwrites an insurance policy, issue of corporate securities, business, or project. (See: underwrite) UNDERWRITER, insurances. One who signs a policy of insurance, by which he becomes an insurer. of commercial and industrial insurance in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. , and among the top-ranked U.S. life insurers. Its member companies write a wide range of general insurance and life insurance products for commercial, institutional and individual customers through a variety of distribution channels in approximately 130 countries and jurisdictions throughout the world. AIG's global businesses also include financial services, retirement savings and asset management. AIG's financial services businesses include aircraft leasing, financial products, trading and market making, and consumer finance. AIG has one of the largest retirement savings businesses in the United States and is a leader in asset management for the individual and institutional markets, with specialized spe·cial·ize v. spe·cial·ized, spe·cial·iz·ing, spe·cial·iz·es v.intr. 1. To pursue a special activity, occupation, or field of study. 2. investment management capabilities in equities, fixed income, alternative investments and real estate. AIG's common stock is listed 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. , as well as the stock exchanges in London, Paris, Switzerland and Tokyo. |
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