AIG names Jay Wintrob president and CEO of its new life and retirement services business

American International Group Inc. has named Jay S. Wintrob president and chief executive of its Domestic Life and Retirement Services business.
AUG 20, 2009
American International Group Inc. has named Jay S. Wintrob president and chief executive of its Domestic Life and Retirement Services business. The position is a new one, as New York-based AIG fits its U.S. life insurance businesses under one banner. The Domestic Life and Retirement Services business includes AIG American General Life Cos., The Variable Annuity Life Insurance Co., Western National Life Insurance Co., all of Houston, as well as AIG SunAmerica Life Assurance Co. in Los Angeles and American General Life and Accident Insurance Co. in Nashville, Tenn. Together, the businesses will offer products through a multichannel distribution network that covers banks, broker-dealers, insurance agents, advisers and a direct-to customer platform. Previously, Mr. Wintrob served as the president and chief executive of AIG Retirement Services Inc. of Los Angeles. He will continue to oversee Larry Roth, CEO of the AIG Advisor Group, the broker-dealer network that includes Royal Alliance of New York; SagePoint Advisors in Phoenix; and FSC Securities in Canyon Lake, Texas. Mary Jane Fortin, now senior executive vice president, chief administration officer and finance chief of the domestic life companies, has been named president and chief executive of American General Life. She replaces Matthew E. Winter, who has been promoted to AIG vice chairman of administration. Ms. Fortin will report to Mr. Wintrob, as will the other leaders of the smaller life insurance companies.

Latest News

RIAs need to visit universities to attract students
RIAs need to visit universities to attract students

RIAs need to find universities that offer financial planning programs and sponsor or host events, advisor suggests.

Orion deepens Capital Group alliance with ETF portfolio tie-up
Orion deepens Capital Group alliance with ETF portfolio tie-up

The leading wealth tech provider is helping more advisors access active ETF models through its exclusive partnership.

JPMorgan client who lost $50M amid dementia battle denied trial
JPMorgan client who lost $50M amid dementia battle denied trial

Case of once-wealthy family highlights risks, raises questions on firms' duties to sophisticated investors suffering cognitive decline.

Stifel loses huge $14.2 million arbitration claim linked to star Miami broker
Stifel loses huge $14.2 million arbitration claim linked to star Miami broker

“The evidence in this case was overwhelming,” says an attorney.

$9B Gateway Investment Advisers names Julie Schmuelling president
$9B Gateway Investment Advisers names Julie Schmuelling president

The move marks the culmination of a decade-long journey for the new leader at the Ohio-based RIA and Natixis affiliate firm.

SPONSORED Leading through innovation – with Tom Ruggie of Destiny Wealth Partners

Uncover the key initiatives behind Destiny Wealth Partners’ success and how it became one of the fastest growing fee-only RIAs.

SPONSORED Client engagement strategies, growth and retention in the down markets

Key insights from Gabriel Garcia on adapting to demographic shifts and enhancing client experience in a changing market