AIG Names Lucy Fato as Executive Vice President and General Counsel
September 05 2017 - 4:16PM
Business Wire
American International Group, Inc. (NYSE: AIG) announced today
that Lucy Fato will join the company as Executive Vice President
and General Counsel, effective October 16. Ms. Fato is currently
Managing Director, Head of the Americas and General Counsel at the
global investigations firm Nardello & Co. Earlier in her
career, she served as Vice President, Deputy General Counsel and
Corporate Secretary at Marsh & McLennan Companies (MMC).
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Lucy Fato, Executive Vice President and
General Counsel, AIG (Photo: Business Wire)
At AIG, Ms. Fato will oversee the Global Legal, Compliance,
Regulatory and Government Affairs function, and will report to AIG
President and Chief Executive Officer Brian Duperreault. She will
also serve as a member of AIG’s Executive Leadership Team, and will
participate in all strategic and policy decisions affecting the
company’s operations. Ms. Fato succeeds Peter Solmssen, who has
served as AIG’s General Counsel since 2016 and is returning to
retirement.
“I had the privilege of working with Lucy at MMC and know
firsthand that she is an incredibly accomplished executive and
strategic partner,” said Mr. Duperreault. “Her experience of more
than 25 years working across a variety of complex legal,
compliance, regulatory and corporate governance matters will be a
strong addition to our leadership team as we grow AIG and build
long-term shareholder value.”
Mr. Duperreault continued, “I want to thank Peter for his
contributions and exceptional service to AIG. We wish him well in
his retirement.”
Ms. Fato said, “I am honored to be joining Brian and the
Executive Leadership Team at one of the world’s iconic companies.
Having worked with Brian throughout his tenure at MMC, I have
tremendous admiration and respect for all that he has accomplished
over his career. I look forward to working with him again at this
pivotal time in AIG’s history and collaborating with the many
talented colleagues across the organization.”
At Nardello & Co., Ms. Fato has overseen the firm’s North
American and South American practices in addition to acting as the
firm’s global General Counsel. She will continue to serve the firm
in an advisory capacity. Prior to Nardello & Co. and after MMC,
Ms. Fato was Executive Vice President and General Counsel of McGraw
Hill Financial (now known as S&P Global). Ms. Fato began her
legal career in 1991 at the law firm Davis Polk & Wardwell,
where she spent 14 years, including five as a partner in the
capital markets group.
Ms. Fato is on the Board of Trustees of the Randall’s Island
Park Alliance. She graduated Phi Beta Kappa from the University of
Pittsburgh with a B.A. in Business and Economics, and she received
her J.D. from the University of Pittsburgh School of Law. She is
admitted to the State Bars of New York and California.
# # #
American International Group, Inc. (AIG) is a leading global
insurance organization. Founded in 1919, today AIG member companies
provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG’s core businesses include
Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability
and Financial Lines, and Property and Special Risks. Consumer
Insurance comprises four modules – Individual Retirement, Group
Retirement, Life Insurance and Personal Insurance. 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
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
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
countries, 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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American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Claire Talcott,
212-458-6343claire.talcott@aig.comorSamantha Ebinger,
212-770-8433samantha.ebinger@aig.com
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