AIG 2006 Annual Report Download - page 64

American International Group, Inc. and Subsidiaries
Competition Directors and Executive Officers of AIG
AIG’s Insurance, Financial Services and Asset Management Set forth below is information concerning the directors and
businesses operate in highly competitive environments, both executive officers of AIG. All directors are elected for one-year
domestically and overseas. Principal sources of competition are terms at the annual meeting of shareholders. All executive officers
insurance companies, banks, investment banks and other non- are elected to one-year terms, but serve at the pleasure of the
bank financial institutions. Board of Directors.
The insurance industry in particular is highly competitive. Except as hereinafter noted, each of the executive officers has,
Within the United States, AIG’s General Insurance subsidiaries for more than five years, occupied an executive position with AIG or
compete with approximately 3,100 other stock companies, spe- companies that are now its subsidiaries. Other than the employ-
cialty insurance organizations, mutual companies and other ment contracts between AIG and Messrs. Sullivan and Bensinger,
underwriting organizations. AIG’s subsidiaries offering Life Insur- there are no other arrangements or understandings between any
ance & Retirement Services compete in the United States with executive officer and any other person pursuant to which the
approximately 2,000 life insurance companies and other partici- executive officer was elected to such position. From January 2000
pants in related financial services fields. Overseas, AIG subsidiar- until joining AIG in May 2004, Dr. Frenkel served as Chairman of
ies compete for business with foreign insurance operations of the Merrill Lynch International, Inc. Prior to joining AIG in September
larger U.S. insurers, global insurance groups, and local companies 2002, Mr. Bensinger was Executive Vice President and Chief
in particular areas in which they are active. Financial Officer of Combined Specialty Group, Inc. (a division of
AIG’s strong ratings have historically provided a competitive Aon Corporation) commencing in March 2002, and served as
advantage. For a discussion of the possible adverse effects on Executive Vice President of Trenwick Group, Ltd. from October 1999
AIG’s competitive position as a result of a ratings downgrade, see through December 2001. Prior to joining AIG in September 2006,
Item 1A. Risk Factors — AIG’s Credit Ratings. Ms. Kelly served as Executive Vice President and General Counsel
of MCI/WorldCom. Previously, she was Senior Vice President and
General Counsel of Sears, Roebuck and Co. from 1999 to 2003.
Served as
Director or
Name Title Age Officer Since
Marshall A. Cohen Director 71 1992
Martin S. Feldstein Director 67 1987
Ellen V. Futter Director 57 1999
Stephen L. Hammerman Director 68 2005
Richard C. Holbrooke Director 65 2001
Fred H. Langhammer Director 63 2006
George L. Miles, Jr. Director 65 2005
Morris W. Offit Director 70 2005
James F. Orr III Director 63 2006
Virginia M. Rometty Director 49 2006
Martin J. Sullivan Director, President and Chief Executive Officer 52 2002
Michael H. Sutton Director 66 2005
Edmund S. W. Tse Director, Senior Vice Chairman – Life Insurance 69 1996
Robert B. Willumstad Director and Chairman 61 2006
Frank G. Zarb Director 72 2001
Jacob A. Frenkel Vice Chairman – Global Economic Strategies 63 2004
Frank G. Wisner Vice Chairman – External Affairs 68 1997
Steven J. Bensinger Executive Vice President and Chief Financial Officer 52 2002
Anastasia D. Kelly Executive Vice President, General Counsel and Senior Regulatory
and Compliance Officer 57 2006
Rodney O. Martin, Jr. Executive Vice President – Life Insurance 54 2002
Kristian P. Moor Executive Vice President – Domestic General Insurance 47 1998
Win J. Neuger Executive Vice President and Chief Investment Officer 57 1995
Robert M. Sandler Executive Vice President – Domestic Personal Lines 64 1980
Nicholas C. Walsh Executive Vice President – Foreign General Insurance 56 2005
Jay S. Wintrob Executive Vice President – Retirement Services 49 1999
William N. Dooley Senior Vice President – Financial Services 54 1992
David L. Herzog Senior Vice President and Comptroller 47 2005
Robert E. Lewis Senior Vice President and Chief Risk Officer 55 1993
Brian T. Schreiber Senior Vice President – Strategic Planning 41 2002
14 AIG 2006 Form 10-K