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AIG Chairman Thanks Stakeholders

By Staff Writer

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American International Group Inc. has posted a memo from Edward Liddy, the company’s new chairman, on the front page of its Web site.

Liddy has addressed the memo to the customers, agents, brokers, advisors and other partners who do business with AIG, New York.

“Thank you for sticking with us,” Liddy writes in the memo. “All 116,000 AIG employees appreciate your confidence in us and are working tirelessly, with a renewed commitment to serving your needs.”

Liddy writes in the memo that regulations ensure that the insurance company subsidiaries have the assets needed to back up their policies.

“Be assured that our insurance companies remain strong and well-capitalized,” Liddy writes. “The financial issues of the AIG parent company do not affect our insurance companies’ ability to pay claims and underwrite new policies.”

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