NEW YORK--(BUSINESS WIRE)--Nov. 11, 2012--
American International Group, Inc. (NYSE: AIG) today announced that AIG
is again the go-to-market brand of its global property casualty business
in most locations, and that the company’s life and retirement segment is
now AIG Life and Retirement.
As part of the rebrand, AIG has also introduced a new brand promise:
Bring on tomorrow.
“AIG as a global insurance brand is back,” said AIG President and Chief
Executive Officer Robert H. Benmosche. “The re-launch of the AIG name
marks a significant achievement for our company. ‘Bring on tomorrow’
underscores AIG’s tremendous tenacity and ambition – to solve problems,
to innovate for the benefit of our clients, and to act as a powerful,
global team. These are the attributes that have enabled AIG to succeed
in making America whole on its investment in our company, plus a
positive return of more than $15 billion.
“Now we look to tomorrow, and we’re excited about the potential we see
there. We’re excited to get to work on seeing, building, and securing a
better future – for our customers, for ourselves, and for communities
around the world. I believe that the spirit of inventiveness and
adaptability at the core of AIG will bring opportunities and open doors
that will redefine what’s possible, helping our customers thrive and
make the most of every day.”
Starting today, AIG’s global property casualty franchise will begin to
use the AIG name, and deploy the company’s new logo and brand promise in
marketing and advertising as appropriate. Other brands in the AIG
family, including VALIC, Lexington Insurance, American General,
SunAmerica, and Western National, will continue unchanged.
AIG Property Casualty Chief Executive Officer Peter Hancock said, “We
are very excited to celebrate the long history and strength of the AIG
name with our customers around the world. With our investment in the
latest data technology, combined with our spirit of inventiveness, we
think we’re well positioned to help them meet the challenges of
“The AIG name represents strong values, hard work, and keeping our
promises. AIG Life and Retirement continues to embody those values,”
said AIG Life and Retirement President and Chief Executive Officer Jay
Wintrob. “Our promise to ‘Bring on tomorrow’ fits well with our role as
a premier provider of protection, investment, and income solutions that
prepare our customers for a successful future.”
The total authorized U.S. government assistance to AIG of $182 billion
has been fully repaid, and the Federal Reserve and United States
Department of the Treasury have to date received a combined positive
return of approximately $15.9 billion on their investments in the
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.
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.
Source: American International Group, Inc.
American International Group, Inc.
John Jones, 917-328-8510