12 February 2016 Insurance

AIG expands board; appoints two new directors

American International Group has expanded its Board of Directors from 14 to 16.

The Board will nominate its existing Board of Directors as well as John Paulson, president of alternative investment firm Paulson & Co, and Samuel Merksamer, a managing director of holding company Icahn Capital, as the slate of directors to be included in AIG’s proxy statement for election at the 2016 AIG Annual Meeting of Shareholders.

Douglas Steenland, AIG chairman of the Board, said: “AIG has a strong Board, with a track record of creating significant shareholder value and delivering superior returns. John and Samuel will bring financial and business expertise to the Board, and we look forward to benefiting from their insights as we move forward with our strategy to create a leaner, more profitable and focused AIG.”

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