Rodney O. Martin, Jr. to Be Named Chairman of AIG International Life and Retirement Services; Edmund S.W. Tse to Retire

Wed Mar 25, 2009 4:50pm EDT

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NEW YORK--(Business Wire)--
American International Group, Inc. (AIG) has named AIG Executive Vice President
Rodney O. Martin, Jr. Chairman, International Life and Retirement Services. In
his new role, Mr. Martin will be responsible for AIG`s international life and
retirement businesses, including American International Assurance Company
Limited (AIA), American Life Insurance Company (ALICO), AIG Star Life Insurance
Co., Ltd., AIG Edison Life Insurance Company, and Nan Shan Life Insurance
Company, Ltd. In addition, Mr. Martin will serve as Chairman of ALICO and
Chairman of AIA. Mr. Martin reports directly to AIG Chairman and CEO Edward M.
Liddy. 

Mr. Martin will assume these additional responsibilities following the
retirement of AIG Senior Vice Chairman and AIG Board member Edmund Tse, 71, who
has served 48 years in key roles with AIG and was the principal architect of
AIG`s global life insurance platform. Mr. Tse will step down at AIG`s Annual
Meeting of Shareholders, scheduled for May 13. He will continue to serve as
Honorary Chairman of AIA and Non-Executive Chairman of both Nan Shan and the
Philippine American Life and General Insurance Company (Philamlife). 

Mr. Tse began his career at AIG in 1961 when he joined AIA in Hong Kong. He was
named President and Managing Director of Nan Shan in 1975, President and CEO of
AIA in 1983, Chairman of Nan Shan in 1990, and Chairman and CEO of AIA in 2000.
He was elected to the AIG Board of Directors and appointed Vice Chairman in 1997
and Senior Vice Chairman in 2001. Mr. Tse served as AIG Co-Chief Operating
Officer from 2002 to 2003. He was the first Chinese executive to be elected to
the Insurance Hall of Fame, the most prestigious award in the insurance
industry. 

Mr. Martin was elected Chairman and Chief Executive Officer of ALICO and Chief
Operating Officer of AIG`s Worldwide Life Insurance in 2006, and AIG Executive
Vice President Life Insurance in 2002. Prior to that, Mr. Martin had served as
President and Chief Executive Officer of AIG American General following AIG`s
acquisition of American General Corporation in 2001 and as Senior Vice Chairman,
Financial Services, responsible for American General`s life insurance and
consumer lending operation. He joined American General as President in 1995
after spending 20 years in the life insurance business. 

Mark Wilson, currently President and COO, AIA, has been named President and
Chief Executive Officer of AIA, also effective upon Mr. Tse`s retirement. He
will report to Mr. Martin. Both Mr. Martin`s and Mr. Wilson`s appointments are
subject to regulatory approval. 

AIG`s domestic life and retirement businesses will continue under the leadership
of AIG Senior Vice President, Life Insurance, Matthew Winter, and AIG Executive
Vice President, Retirement Services, Inc. Jay S. Wintrob. Mr. Winter and Mr.
Wintrob will continue to report directly to Mr. Liddy. 

Commenting on the contributions made to AIG by Mr. Tse, AIG Chairman and CEO
Liddy, said, "Edmund Tse`s leadership, wisdom and vision will be greatly missed.
He has set an example of how change can represent opportunity, and I have
personally appreciated his counsel. I am especially pleased he has agreed to
continue serving AIG in non-executive roles with AIA, Nan Shan, and Philamlife.
We are fortunate to have Rod Martin and the rest of the experienced leadership
team in life and retirement services to carry on the tradition of success
established by Edmund." 

American International Group, Inc. (AIG), a world leader in insurance and
financial services, is the leading international insurance organization with
operations in more than 130 countries and jurisdictions. AIG companies serve
commercial, institutional and individual customers through the most extensive
worldwide property-casualty and life insurance networks of any insurer. In
addition, AIG companies are leading providers of retirement services, financial
services and asset management around the world. AIG's common stock is listed on
the New York Stock Exchange, as well as the stock exchanges in Ireland and
Tokyo. 





American International Group, Inc.
Media Relations:
Christina Pretto, 212-770-7085
or
Investor Relations:
Teri Watson, 212-770-3067 



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