"The goal of our Individual and Group Retirement businesses is to serve our clients and distribution partners with diligence, innovative solutions and care, helping millions of Americans to achieve financial security in retirement," said Jana W. GREER. "In today's economic, market and regulatory environment, it is essential that our industry-leading Retirement businesses benefit from experienced executives like Rob and Todd, and exceptionally skilled senior management teams who are highly focused on serving our customers and expanding our market leadership."
Since joining AIG in 2003, Robert SCHEINERMAN has helped propel AIG's Individual Retirement business forward in the face of many complex and challenging market cycles. During his tenure, AIG has achieved strong market positions, including number two in total annuity sales through the third quarter of 2016 and top five positions across all major annuity lines - variable, index and fixed.
In his new capacity, Robert SCHEINERMAN will spearhead the continued expansion of VALIC, AIG's Group Retirement business. VALIC is a top five industry leader in the not-for-profit Defined Contribution retirement market, serving more than 23,000 employer plans and 1.9 million clients.
Todd SOLASH joins AIG from AXA Equitable, where he held key senior management positions, including Senior Executive Director, Head of Individual Annuity Business. Earlier in his career, Todd SOLASH was a partner at OLIVER WYMAN Financial Services, where he consulted with major life insurers, property casualty insurers and banks on a variety of strategy, product development and risk issues.
In his new role, Todd SOLASH will have responsibility for the growth and management of the Individual Retirement business, including product manufacturing, market strategy, and operations.