AIG Consolidates General Insurance Claims Operations

April 11, 2008

American International Group, Inc. consolidated its General Insurance Claims operations naming Charles R. Schader as chief claims officer for General Insurance.

Schader will now run both AIG Foreign General Insurance and AIG Property Casualty Group claims operations. He will report to Nicholas C. Walsh, AIG executive vice president, Foreign General Insurance and Kristian P. Moor, president, CEO, AIG Property Casualty Group.

Schader joined AIG in 1984 to work in litigation, excess liability, toxic tort, environmental, and management and professional liability claims for AIG’s American Home Assurance Co., AIG Executive Liability and AIG Technical Services. He was elected AIG Senior vice president, Claims, in 2000.

Peter D. Aiena, executive vice president, foreign general claims for American International Underwriters, will continue reporting to Walsh and Schader. AIU is the marketing unit for AIG’s overseas property-casualty operations. Aiena began his career with AIU in 1992 as regional vice president for claims in Japan and Korea. In 1998, he was named AIU senior vice president for foreign general claims.

James A. Porcari III, president of domestic personal lines claims, will report to Kevin H. Kelley, AIG senior vice president and president of domestic personal lines, and Schader. Porcari joined AIG in 2002 holding several senior level claims positions in domestic personal lines, later named to his current position in 2005.

Richard C. Woollams, president of property/casualty severity claims, was named senior vice president and chief claims officer of AIG Commercial Insurance Group. Woollams now reports to John Q. Doyle, president of AIG Commercial Insurance and Schader. Woollams joined AIG in 1997 as vice president in AIG technical services where he managed excess casualty claims. He became president of domestic property-casualty severity claims in 2001.

Source: AIG, Inc.

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