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.

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