AIG has appointed Timothy Schiltz as senior vice president of SunAmerica Financial Group and he will also be named as chairman of AIG Star Life Insurance and AIG Edison Life Insurance Company from April 1, 2010.
In his new role, Mr Schiltz will be responsible for shareholder representation and oversight of AIG Star and AIG Edison by the company. He will report to Jay Wintrob, president and CEO of SunAmerica Financial Group.
Mr Schiltz joins SunAmerica Financial Group from American Life Insurance Company (ALICO), where he served as senior vice president and a member of the board. He joined AIG in 2006 as regional vice president of AIG International Retirement Services in Asia. Prior to that, he served as president and CEO of Hartford Life Japan.
Mr Wintrob, said: “Including AIG Star and AIG Edison among the group of companies at SunAmerica Financial Group will provide numerous opportunities to exchange and benefit from best practices in product development, sales and marketing, customer service and operations, and risk management.
“I am both honored and delighted to work with the experienced and well-respected senior management teams at AIG Star and AIG Edison, led by Norio Tomono and Kazunori Kataoka. I am confident that these accomplished businesses will benefit from Tim Schiltz’s strong leadership, experience and demonstrated success in the Japanese marketplace.”
SunAmerica Financial Group is a provider of life insurance, annuities and guaranteed income solutions, and is currently comprised of AIG’s domestic life and retirement services businesses. AIG Star and AIG Edison are a life insurance, annuity, and accident and health providers in Japan.