Thomas F. Motamed to Retire from AIG’s Board of Directors

American International Group, Inc. announced that Thomas F. Motamed, a Director of the company since January 2019, is retiring from the Board of Directors for health reasons.

“On behalf of the Board of Directors, I want to thank Tom for his leadership and many contributions to AIG over the last few years,” said Peter Zaffino, Chairman & Chief Executive Officer. “On a personal level, I have appreciated Tom’s steady and balanced perspectives regarding AIG’s turnaround and transformation. We wish Tom the very best as he focuses on his own well-being and that of his family.”

Mr. Motamed was Chairman and Chief Executive Officer of CNA Financial Corporation from 2009 to 2016. Prior to CNA, Mr. Motamed spent over 30 years at The Chubb Corporation, where he rose to Vice Chairman and Chief Operating Officer. He is a past Chairman of the Insurance Information Institute and is Chair Emeritus for Adelphi University.