American International Group (NYSE: AIG) today announced that Kevin Hogan has been named Chief Executive Officer of AIG Global Consumer Insurance. Mr. Hogan, who previously had a 24-year career at AIG, is expected to formally rejoin AIG in early October.
Mr. Hogan was most recently Chief Executive Officer of Global Life, Zurich Insurance Group, and was a member of the Zurich Executive Committee. He will become a member of the AIG Executive Group and will report to Peter D. Hancock, Chief Executive Officer of AIG Property Casualty (PC).
In addition, AIG’s global life insurance manufacturing will become part of AIG Global Consumer Insurance. AIG Life and Retirement, under the leadership of President and Chief Executive Officer Jay S. Wintrob, will continue to be responsible for AIG’s retirement business, as well as the distribution of all the company’s U.S. life and retirement products.
“I’m delighted to welcome Kevin Hogan back to AIG,” said Robert H. Benmosche, President and Chief Executive Officer of AIG. “I am very enthusiastic about the growth potential of our market-leading global PC consumer and life businesses, and believe they will prosper under Kevin’s strong leadership. Putting the manufacturing of these critical products under the same oversight is an important step in our work to become truly one AIG. In addition, our global consumer network will benefit from the sophistication, scale, and success of our U.S. life insurance platform.”Mr. Hancock said, “Kevin is an insurance veteran who brings tremendous experience and firsthand knowledge of the global footprint of our PC consumer and life businesses and the opportunities they represent. Kevin’s leadership and background make him uniquely positioned to strategically lead and enhance this important business segment. We are glad to welcome back Kevin to AIG, where he spent most of his career.” Mr. Hogan started his career in 1984 at AIG with American International Underwriters (AIU) in New York, and subsequently held management positions in Chicago, Tokyo, Hong Kong, and Singapore. In 1998, he was appointed President of AIG’s Accident & Health Division in New York and was elected an AIG Vice President in 2001. In 2002, he also became Chief Operating Officer of AIU. In 2003, Mr. Hogan moved to Beijing to assume responsibility for AIG’s partnership with the People’s Insurance Company of China. In 2005, he became AIG’s Senior Life Division Executive for China and Taiwan, where he was responsible for AIA China and Nan-Shan. In 2008, he returned to New York as AIG’s Chief Distribution Officer, Foreign Life and Retirement Services.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV