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AIG adds Jasco CEO James Cole to Board

2nd March 2021 - Author: Matt Sheehan

Global insurer and reinsurer AIG has announced the addition of James Cole to its Board of Directors, effective March 15th.

Cole is Chairman and Chief Executive Officer (CE) of The Jasco Group, a New York City-based investment management firm.

Previously, he spent approximately 15 years with the law firm Wachtell, Lipton, Rosen & Katz where he specialized in Mergers & Acquisitions and Corporate Governance.

In 2016, Cole also served President Obama’s Administration as U.S. Delegated Deputy Secretary of Education, with responsibility for the Department of Education’s work to close the education and opportunity gaps related to race.

Prior to that, in December 2014, he was confirmed by the U.S. Senate as the Department of Education’s General Counsel after spending three years as Deputy General Counsel at the U.S. Department of Transportation.

“AIG is fortunate to have someone with James’ depth and breadth of business and public policy experience join our Board of Directors,” said Brian Duperreault, Executive Chairman of AIG. “AIG’s stakeholders will benefit from his expertise and insights. We are delighted to welcome James to the Board.”

“As we continue to position AIG for growth in an ever-changing world, it is critical that Directors bring deep expertise on complex matters and diverse perspectives to help us navigate a new and better course forward,” added Peter Zaffino, President and Chief Executive Officer of AIG.

“James has a forward-looking, optimistic point-of-view and he will help us rise to the challenges we face as a global risk management and insurance company seeking to create value for our clients, shareholders and other stakeholders while investing in the futures of our colleagues.”

Peter Zaffino, President and Chief Executive Officer of AIG, also commented: “As we continue to position AIG for growth in an ever-changing world, it is critical that Directors bring deep expertise on complex matters and diverse perspectives to help us navigate a new and better course forward.”

“James has a forward-looking, optimistic point-of-view and he will help us rise to the challenges we face as a global risk management and insurance company seeking to create value for our clients, shareholders and other stakeholders while investing in the futures of our colleagues.”

And finally, Cole stated: “It is a privilege to join AIG’s Board of Directors at a pivotal time in the company’s history. The steady progress AIG has made in recent years is evident and I look forward to working with the other AIG Directors in supporting the Executive Leadership Team, and the entire organization, as they pursue their vision for the future and accelerate their momentum to become a top-performing insurance franchise.”

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