Jay wintrob and michael cowan to retire from aig

New york--(business wire)--american international group, inc. (nyse:aig) announced today that jay s. wintrob, president and chief executive officer of aig life & retirement, is leaving the company after over 25 years to pursue other opportunities. aig also announced that michael r. cowan, executive vice president and chief administrative officer, will retire from the company after nearly five years of service. “i would like to extend my sincere gratitude and appreciation to jay,” said peter d. hancock, president and chief executive officer, aig. “he has played an instrumental role in aig’s success. under his leadership, aig’s life and retirement businesses have consistently been top performers, jay leaves behind a strong leadership team and businesses that are well-positioned for the future. along with everyone else at aig, i am incredibly thankful for his contributions and wish him continued success.” mr. hancock added, “i also would like to thank mike for his dedication and professionalism as aig’s cao since he joined the firm in 2010. he has been an asset to the company, and we are grateful for all that he accomplished while at aig. we wish him well in his retirement.” “it has been a privilege to have helped shape and lead such an incredible company,” said mr. wintrob. “i am immensely proud of all that we have done together and excited by peter’s vision for the company. there is tremendous opportunity ahead for aig. i have great confidence that the company’s leadership team has the experience and commitment to continue to meet the goal of making aig the most valued insurance company in the world.” mr. cowan said, “it has been a pleasure to work at aig over the past five years, and i look forward to seeing what the company can achieve in the future. i wish all of my colleagues continued success.” american international group, inc. (aig) is a leading international insurance organization serving customers in more than 130 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 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 jurisdictions, 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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