CORRECTING and REPLACING AIG Announces the Death of Robert H. Benmosche
February 27 2015 - 01:43PM
Business Wire
Fourth paragraph, first sentence should read: Mr. Benmosche
served as President and CEO of AIG from August 10, 2009, to
September 1, 2014 (instead of: Mr. Benmosche served as President
and CEO of AIG from August 10, 2010, to September 1, 2014).
The corrected release reads:
AIG ANNOUNCES THE DEATH OF ROBERT H.
BENMOSCHE
American International Group, Inc. (NYSE: AIG) today announced
with great sorrow the death of its former President and Chief
Executive Officer, Robert H. Benmosche. Mr. Benmosche, 70, who had
undergone treatment for lung cancer since 2010, died this morning
at 8:15 a.m. at NYU Langone Medical Center, with his family at his
side.
“We announce this news with profound sadness, and our thoughts
and prayers are with Bob’s family at this difficult time,” said
Robert S. Miller, Chairman of the AIG Board of Directors. “Bob was
one of the most inspirational and successful leaders in corporate
America by any measure. We will never forget that under Bob’s
extraordinary leadership, the people of AIG repaid America in full
plus a profit of nearly $23 billion. Everyone in the AIG family has
been greatly blessed by Bob’s vision, his loyalty, and his
friendship during his five years with the company. Bob was a
brilliant man who brought tremendous leadership, energy, passion,
and tenacity to his job. At AIG, we will honor his legacy by
continuing to focus on integrity and performance. He will be deeply
missed.”
“Like so many people who had the privilege to work with Bob, I
am humbled and inspired by the example he set,” said Peter D.
Hancock, President and Chief Executive Officer, AIG. “Bob was
piercingly honest and driven by a remarkable belief in the
possibility of greatness that exists in every person. He poured his
energy and focus into enabling AIG’s people to live up to their
potential, and that’s why this company today is a sustainable
enterprise that understands the importance of meeting and exceeding
the expectations all of our stakeholders. As we build on his legacy
at AIG in so many ways, let’s remember him by living and working
according to a belief he stated repeatedly and upheld in the most
trying of circumstances: ‘There is no limit to the greatness that
good people can accomplish when you give them the freedom to
act.’”
Mr. Benmosche served as President and CEO of AIG from August 10,
2009, to September 1, 2014. Upon arriving at AIG, Mr. Benmosche was
responsible for a company that had received taxpayer assistance in
connection with the 2008 financial crisis totaling some $182
billion. By 2012, AIG had repaid that assistance plus a combined
positive return of nearly $23 billion through divesting various
businesses and other restructuring activities. By 2014, AIG had
completely returned to profitability as a global leader in
property, casualty, and consumer insurance.
Mr. Benmosche was the former Chairman, President, and Chief
Executive Officer of MetLife, a leading provider of insurance and
other financial services. Mr. Benmosche led the transition of
MetLife from a mutual to a public company in 2000. He joined
MetLife in 1995 as Executive Vice President responsible for
business integration and product development, marketing and sales
efforts focused on MetLife’s individual customers. Earlier in his
career he served as Executive Vice President for PaineWebber, Inc.,
where he directed the merger of Kidder Peabody into PaineWebber. He
also served in various capacities with Chase Manhattan Bank from
1976 to 1982.
Mr. Benmosche was inducted into the Insurance Hall of Fame in
2013, and was named Insurance Leader of the Year by St. John’s
University School of Risk Management in 2014.
Mr. Benmosche served two terms as a member of the Board of
Directors of Credit Suisse Group. Mr. Benmosche served as a
Lieutenant in the United States Army from 1966 to 1968. He received
a B.A. degree in Mathematics from Alfred University in 1966, and
was awarded an honorary doctorate in Business from Alfred
University in 2013.
# # #
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
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.
American International Group, Inc.Liz Werner (Investors):
212-770-7074elizabeth.werner@aig.comorMatthew Gallagher (Media):
212-458-3247matthew.gallagher2@aig.com
American (NYSE:AIG)
Historical Stock Chart
From Feb 2024 to Mar 2024
American (NYSE:AIG)
Historical Stock Chart
From Mar 2023 to Mar 2024