AIG Announces New President and Chief Executive Officer for Its Property Casualty Business in Latin America and the Caribbean

Wed Jul 10, 2013 10:02am EDT

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AIG Announces New President and Chief Executive Officer for Its Property Casualty Business in Latin America and the Caribbean

American International Group, Inc. (NYSE: AIG) today announced that it has appointed Jim Dwane as the new President and Chief Executive Officer for its property casualty business in Latin America and the Caribbean, effective immediately.

Mr. Dwane, a highly respected executive within AIG and the insurance industry, will hold overall responsibility for the insurance operations in the 15 countries in which AIG Property Casualty operates in Latin America and the Caribbean. He will be based in AIG's regional offices in Miami and will report directly to Robert Schimek, President and Chief Executive Officer of AIG Property Casualty’s Americas Region.

“Since I joined the Americas Region two months ago, my highest priority has been to refine our organizational structure in order to facilitate the achievement of our strategic objectives," Mr. Schimek said. "Jim is a seasoned property casualty expert with deep product expertise whose appointment will bring the strong leadership needed to drive our multi-year goals for Latin America and the Caribbean. His appointment is yet another example of the deep bench of experienced, global professionals we have at AIG."

Mr. Dwane has worked at AIG for almost two decades. Most recently, he served as Regional President of AIG Property Casualty’s Southeast Region of the United States, which includes the states of North Carolina, South Carolina, Georgia, Tennessee, Mississippi, Alabama, and Florida. Under his leadership, the Southeast Region has served as an example of underwriting excellence and exceptional claims servicing capabilities, leveraging its diverse mix of business and distribution network. Mr. Dwane has a B.S. degree from Clemson University with a concentration in economics and marketing.

AIG Property Casualty has operated in Latin America and the Caribbean since 1937. Today, an extensive worldwide property casualty network and a robust client focus uniquely position AIG to serve the insurance needs of commercial institutions and individual customers throughout the region. AIG is optimistic about Latin America and the Caribbean because it has been part of the region’s growth and development for more than seven decades, and it continues to see future opportunities to provide innovative insurance solutions for its expanding customer base.

American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. 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: @AIG_LatestNews | 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.

American International Group, Inc.
Lula Rodriguez (Media): 786-777-7522; lula.rodriguez@aig.com
Jon Diat (Media): 212-770-3505; jon.diat@aig.com
Liz Werner (Investors): 212-770-7074; elizabeth.werner@aig.com