Deals and People

Retirement Industry People Moves

American International Group Expands Retirement Business; OneAmerica Appoints President of Individual Insurance and Retirement Services; PenChecks Hires VP of Institutional Sales; and more.

By Javier Simon editors@strategic-i.com | February 17, 2017
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American International Expands Retirement Business

American International Group (AIG) has appointed Robert Scheinerman to the position of president, Group Retirement.

Todd Solash has joined AIG as president, Individual Retirement.

Scheinerman will be responsible for expanding VALIC, AIG’s Group Retirement business. VALIC focuses on the not-for-profit defined contribution (DC) retirement market, serving more than 23,000 employer plans and 1.9 million clients.

“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,” says Jana W. Greer, president and CEO, Individual and Group Retirement, AIG. “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.”

Solash will be tasked with leading the growth and management of the Individual Retirement business, including product manufacturing, market strategy, and operations. He joins the firm from AXA Equitable, where he held senior management positions including senior executive director, and head of the Individual Annuity Business. Earlier in his career, 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.

NEXT: OneAmerica Appoints President of Individual Insurance and Retirement Services