Will develop underwriting and project management strategy,
drive international expansion and growth
NEW YORK, January 13, 2015 — American International Group, Inc. (NYSE: AIG) announced that SV Rangan has been named President, International Life, Consumer Insurance. Mr. Rangan will report to James A. Mallon, President, Life Insurance, Consumer Insurance, until March 2015 when he will begin reporting to Charles Shamieh, currently Corporate Chief Actuary, but who will become Chief Executive Officer of Life, Health, and Disability Insurance in March.
Mr. Mallon announced his March 2015 retirement in November. “I am pleased to welcome SV to AIG,” said Kevin Hogan, President and Chief Executive Officer, Consumer Insurance. “As we build off our strong position in the United States, the potential to bring innovative, differentiated life insurance solutions to select global markets continues to grow.
SV’s leadership and wealth of experience in the international life business make him well-suited to position us for further global expansion and growth.” Mr. Rangan will be responsible for designing, implementing and optimizing an overall underwriting and product management strategy for the life insurance product portfolio internationally. In addition, he will drive the development and growth strategy for the global life business outside of the United States, including the expansion of AIG’s international life operation.
Most recently, Mr. Rangan served as founder and director of IFG Worldwide Limited, a strategy advisory firm focused on creating sustained customer and shareholder value for clients within the financial services and technology sectors. Previously, he was associated with MetLife, joining the organization in 2005 as Senior Vice President and Group Managing Director for EMEA/India. He served in several senior roles at MetLife, including Senior Vice President and Head of Marketing, Distribution, Institutional Relationships and Business Development for MetLife’s international business.
Prior to this time, Mr. Rangan was associated with Citi as Managing Director for EMEA-Insurance. SV holds a bachelor of science degree from University of Delhi with a post graduate degree in management from XLRI, India, and has completed an Executive Program in Strategic Innovation and Growth at Harvard Business School. “SV has a track record of success in developing and executing strategies for international expansion,” said Mr. Mallon. “I am confident that his experience and achievements in prior roles will be a valuable asset to us, as we pursue significant opportunities for further growth.”
