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American International Group has added two new members to its executive committee: John Doyle, CEO of its Property Casualty Global Commercial Insurance unit; and Sid Sankaran, the companys chief risk officer.

While American International Groups CEO touted the advantage of being designated a systemically important financial institution, the CEO of W.R. Berkley Corp. was notably less enthusiastic about insurers getting the designation.

While American International Groups CEO touted the advantage of being designated a systemically important financial institution, the CEO of W.R. Berkley Corp. was notably less enthusiastic about insurers getting the designation.

The Federal Reserve Board is on the case, and the days when insurance company officials can shoot first and aim later are going to end, AIG CEO Robert Benmosche warns.

The Federal Reserve Board is on the case, and the days when insurance company officials can shoot first and aim later are going to end, AIG CEO Robert Benmosche warns.

AIG confirmed last night that it has been designated systemically significant by the Financial Stability Oversight Council, paving the way for possible federal regulation at the holding-company level. Prudential Financial and GE Capital were also designated at an afternoon meeting of FSOC members yesterday.

AIG confirmed last night that it has been designated systemically significant by the Financial Stability Oversight Council, paving the way for possible federal regulation at the holding-company level. Prudential Financial and GE Capital were also designated at an afternoon meeting of FSOC members yesterday.

American International Group Inc's board is looking for a new director with regulatory experience, as the insurer readies for the government to classify it as big enough to merit greater scrutiny, according to two sources familiar with the situation.