AIG American General has appointed John Rafferty as the new vice president of marketing for the company's annuity profit center.

In this newly created position, Mr Rafferty will be responsible for organizing the marketing strategies and direction for both the growing retail and group annuity business segments that offer deferred and immediate income annuity products.

Mr Rafferty holds a bachelor of arts in economics from Colby College, Waterville and a master of arts in public policy and economics from Trinity College.

Durr Sexton, president of annuity profit center at AIG American General, said: John comes to us with a broad financial services perspective and 20 years of financial services experience. His knowledge of product positioning and development of sales concepts and strategies will help producers and contract owners alike achieve their financial goals and objectives.