American International Group Inc. told employees in a memo Thursday that it would freeze its traditional U.S. pension plans, becoming the latest company to shift away from guaranteed retirement benefits. The freeze will be effective Jan. 1, 2016. AIG has $4.1 billion in assets to pay out $5.7 billion in future obligations from its defined-benefit plans, meaning its liabilities are $1.6 billion. […]
Recognising the increasingly important yet underdeveloped discipline of corporate governance, AIG in partnership with KPMG, Norton Rose Fulbright and PARIMA (the region’s risk management organisation) is hosting seminars across seven countries throughout May and June. Beginning 6 May in Singapore, the seminars will move on to Malaysia, Indonesia, Philippines, Vietnam and Mainland China before wrapping up in Hong Kong on 26 June. Commenting on the seminar series, Jason Kelly, Regional Directors & Officers Liability, Financial Lines, AIG Asia Pacific [...]
