Originally Published by AIG.com
The Board of Directors of American International Group, Inc.(NYSE: AIG) today elected Thomas “Tom” Firouz Motamed as a Director, effective immediately. Mr. Motamed, 70, retired as Chairman and Chief Executive Officer of CNA Financial Corporation in 2016.
Mr. Motamed will be included in AIG’s slate of nominees for election to the Board at the 2019 Annual Meeting of Shareholders. Mr. Motamed has also been appointed to the Board’s Risk & Capital Committee and the Compensation & Management Resources Committee.
Brian Duperreault, President and Chief Executive Officer of AIG, stated, “Tom is a highly regarded insurance industry veteran, and we look forward to welcoming him to AIG’s Board.”
“We are pleased to add Tom as a new Director and are confident he will bring valuable insights to the AIG Board,” said Douglas M. Steenland, Chairman of the AIG Board of Directors.
Mr. Motamed was Chairman and CEO of CNA from 2009 to 2016. Prior to CNA, Mr. Motamed spent 31 years at The Chubb Corporation, where he began his career as a claims trainee and rose to Vice Chairman and Chief Operating Officer.
Mr. Motamed also served as a Director and member of the Audit Committee for Nasdaq-listed Verisk Analyticsfrom 2009 to 2016 and on the board of the Palmer & Cay insurance agency from 2000 to 2005. He is a past Chairman of the Insurance Information Institute and is Chair Emeritus for Adelphi University.