AIG 2010 Annual Report Download - page 40

American International Group, Inc., and Subsidiaries
As a result of the reduction of the credit ratings of AIG and its subsidiaries, AIG’s businesses have faced and
continue to face intense competition to retain existing customers and to maintain business with existing customers
and counterparties at historical levels. General insurance and life insurance companies compete through a
combination of risk acceptance criteria, product pricing, and terms and conditions. Retirement services companies
compete through crediting rates and the issuance of guaranteed benefits.
For a further discussion of the risks relating to retaining existing customers, soliciting new customers and
retaining key employees, see Item 1A. Risk Factors.
Other Information about AIG
At December 31, 2010, AIG and its subsidiaries had approximately 63,000 employees.
AIG’s internet address for its corporate website is www.aigcorporate.com. AIG makes available free of charge,
through the Investor Information section of AIG’s corporate website, Annual Reports on Form 10-K, Quarterly
Reports on Form 10-Q, Current Reports on Form 8-K and Proxy Statements on Schedule 14A and amendments to
those reports or statements filed or furnished pursuant to Sections 13(a), 14(a) or 15(d) of the Securities
Exchange Act of 1934, as amended (the Exchange Act), as soon as reasonably practicable after such materials are
electronically filed with, or furnished to, the Securities and Exchange Commission (SEC). AIG also makes
available on its corporate website copies of the charters for its Audit, Nominating and Corporate Governance and
Compensation and Management Resources Committees, as well as its Corporate Governance Guidelines (which
include Director Independence Standards), Director, Executive Officer and Senior Financial Officer Code of
Business Conduct and Ethics, Employee Code of Conduct and Related-Party Transactions Approval Policy. Except
for the documents specifically incorporated by reference into this Annual Report on Form 10-K, information
contained on AIG’s website or that can be accessed through its website is not incorporated by reference into this
Annual Report on Form 10-K.
Directors and Executive Officers of AIG
All directors of AIG are elected for one-year terms at the annual meeting of shareholders.
All executive officers are elected to one-year terms, but serve at the pleasure of the Board of Directors. Except
as hereinafter noted, each of the executive officers has, for more than five years, occupied an executive position
with AIG or companies that are now its subsidiaries. There are no arrangements or understandings between any
executive officer and any other person pursuant to which the executive officer was elected to such position.
Robert Benmosche joined AIG as Chief Executive Officer in August 2009. Prior to joining AIG,
Mr. Benmosche served as a member of the Board of Directors of Credit Suisse Group since 2002. Mr. Benmosche
was former Chairman, President and Chief Executive Officer of MetLife, a leading provider of insurance and
other financial services.
Thomas Russo joined AIG as Executive Vice President — Legal, Compliance, Regulatory Affairs and
Government Affairs and General Counsel in February 2010. Prior to joining AIG, Mr. Russo was with the law
firm of Patton Boggs, LLP, where he served as Senior Counsel. Prior to that, he was a Vice Chairman of Lehman
Brothers Inc. and Chief Legal Officer of Lehman Brothers Holdings, Inc. Before joining Lehman Brothers in
1993, he was a partner at the law firm of Cadwalader, Wickersham & Taft and a member of its Management
Committee.
Peter Hancock joined AIG in February 2010 as Executive Vice President of Finance and Risk. Prior to joining
AIG, Mr. Hancock served as Vice Chairman of KeyCorp, responsible for Key National Banking. Prior to that
position, Mr. Hancock was at JP Morgan for 20 years, eventually serving as head of its fixed income division and
ultimately Chief Financial Officer.
Sid Sankaran joined AIG in December 2010 as Senior Vice President and Chief Risk Officer. Prior to that, he
was a partner in the Finance and Risk practice of Oliver Wyman Financial Services and served as Canadian
Market Manager since 2006.
24 AIG 2010 Form 10-K