AIG Names Robert Scheinerman President, Group Retirement; Appoints Todd Solash President, Individual Retirement
February 13 2017 - 9:15AM
Business Wire
American International Group, Inc. (NYSE:AIG), today announced
that Robert Scheinerman, currently President, Individual
Retirement, will become President, Group Retirement. Adding to the
strength and breadth of its management team, Todd Solash has joined
AIG as President, Individual Retirement.
“The goal of our Individual and Group Retirement businesses is
to serve our clients and distribution partners with diligence,
innovative solutions and care, helping millions of Americans to
achieve financial security in retirement,” said Jana W. Greer,
President and CEO, Individual and Group Retirement, AIG. “In
today’s economic, market and regulatory environment, it is
essential that our industry-leading Retirement businesses benefit
from experienced executives like Rob and Todd, and exceptionally
skilled senior management teams who are highly focused on serving
our customers and expanding our market leadership.”
Since joining AIG in 2003, Mr. Scheinerman has helped propel
AIG’s Individual Retirement business forward in the face of many
complex and challenging market cycles. During his tenure, AIG has
achieved strong market positions, including number two in total
annuity sales through the third quarter of 2016 and top five
positions across all major annuity lines – variable, index and
fixed.
In his new capacity, Mr. Scheinerman will spearhead the
continued expansion of VALIC, AIG’s Group Retirement business.
VALIC is a top five industry leader in the not-for-profit Defined
Contribution retirement market, serving more than 23,000 employer
plans and 1.9 million clients. Mr. Scheinerman will continue to be
based in Houston, where the Group Retirement business is
headquartered.
In his new role, Mr. Solash will have responsibility for the
growth and management of the Individual Retirement business,
including product manufacturing, market strategy, and operations.
He will be based in Woodland Hills, California, where the
Individual Retirement business is headquartered. Mr. Solash joins
AIG from AXA Equitable, where he held key senior management
positions, including Senior Executive Director, Head of Individual
Annuity Business. Earlier in his career, Mr. Solash was a partner
at Oliver Wyman Financial Services, where he consulted with major
life insurers, property casualty insurers and banks on a variety of
strategy, product development and risk issues.
Both Mr. Solash and Mr. Scheinerman will report directly to Ms.
Greer.
American International Group, Inc. (AIG) is a leading global
insurance organization serving customers in more than 100 countries
and jurisdictions. AIG companies serve commercial, institutional,
and individual customers through one of the most extensive
worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and
retirement services in the United States. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock
Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance | LinkedIn:
http://www.linkedin.com/company/aig. These references with
additional information about AIG have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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version on businesswire.com: http://www.businesswire.com/news/home/20170213005610/en/
AIGLinda Malamut, 310-772-6533linda.malamut@aig.com
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