For Immediate Release
Contacts: Takuro Matsuyama (Communications)+81-3-5400-3944
matsuyama.takuro@aig.co.jp
AIG Japan Holdings KK
AIU Insurance Company, Ltd.
Fuji Fire and Marine Insurance Company, Ltd.

AIU and Fuji Fire and Marine Announce Setting the Merger Completion Dateof January 1, 2018; Pre-merger operations to commence from April 1, 2017TOKYO, February 13, 2017 – AIG Japan Holdings KK (AIG Japan Holdings, President and CEO:
Robert L. Noddin), today announced setting the completion date of January 1, 2018 for the merger ofits wholly-owned subsidiaries, AIU Insurance Company, Ltd. (AIU, President and CEO: KennethReilly) and The Fuji Fire and Marine Insurance Company, Ltd. (FFM, President and CEO:Takayoshi Yokoyama). Upon completion, Kenneth Reilly, will become President and CEO of thenew company, to be called AIG General Insurance Co. Ltd. Mr. Reilly currently serves as thePresident and CEO of AIU. The merger is subject to regulatory approval.
AIG General Insurance Co., Ltd. will be the largest foreign non-life insurance company in Japan. Thecompany will redefine the insurance sector through its market leading ACTIVE CARE strategytailored to the needs of targeted customer segments. This renewed focus will enable a deeper
understanding of customer needs across Individual, Small and Medium Enterprises (SME) andlarge enterprises, and expand on traditional insurance products with integrated solutions that
include risk awareness and prevention services. This strategy, supported by employees anddelivered through professional distribution partners to target customers, will ensure AIG achieves
its vision of becoming its clients’ most valued insurer.
AIG General Insurance will be a flagship company in Japan’s operations for AIG, which is one of
the largest insurance groups in the world.
Consolidated operations will begin under a pre-merger structure from April 1, 2017 as the companies
enter the final phase of preparation ahead of the launch of AIG General Insurance on January 1,
2018. Since announcing the planned merger, AIU and FFM have been building a foundation for thenew business, identifying the combined strengths of the respective organizations, products andservices and how best to leverage these for the combined company’s future success.
There will be no impact on the in-force policies from each company either pre-merger or
post-merger.

Outline of the new company
1.

Merger date: January 1, 20182.

Company name: AIG Songai Hoken Kabushiki Kaisha（AIG General Insurance Company, Ltd.）3.

HQ location: 4-3-20, Toranomon, Minato-ku, Tokyo

4.

Representative Director President and CEO: Kenneth Reilly###Corporate Logo

American International Group, Inc. (AIG) is a leading global insurance organization. Founded in1919, today AIG member companies provide a wide range of property casualty insurance, life
insurance, retirement products and other financial services to customers in more than 100 countriesand jurisdictions. These diverse offerings include products and services that help businesses andindividuals protect their assets, manage risks and provide for retirement security. AIG commonstock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
For additional information, please visit our website at www.AIG.com.
In Japan, AIG companies such as AIU Insurance Company Ltd, Fuji Fire and Marine Insurance Co.,
Ltd., American Home Assurance Company Ltd., AIG Fuji Life Insurance Co., Ltd., JI Accident &Fire Insurance Co., Ltd., AIG Fuji Insurance Services KK and Techmark Japan KK are currently
providing their services.

(Appendix I)

Outline of the Pre-merger Operations (consolidated operations) period
1.

ObjectiveI.
To mitigate organizational risk which may stem from the expected changes at the time ofthe official merger completion date.
II.
To lay the groundwork for the start of the new organization and the building of a newcorporate culture, which includes smoothing the transition to the new company’s throughthe building of a transitional framework.

2.

Action PlanI.
Management
 Standardize and streamline reporting lines by implementing concurrent management
duties.
 Align AIU and FFM Board, Management Committee and other committees’ structurewith new company’s planned structure.
II.

Organization
Align current organizational structure the new company’s planned organizationalstructure.
 Bring AIU and FFM employees together in the same work locations (same offices).

III.


Reporting lines and roles
Standardize reporting lines by combining both companies’ line management positions.
Employees of both companies, with the exception of certain groups, will work bilaterally
so that tasks are streamlined and integrated.

3.

Operation during the Pre-merger (consolidated operations) period During the pre-merger (consolidated operations) phase, and in strict compliance with corporate
governance and regulations, AIU and FFM will each continue to be responsible forunderwriting its own insurance policies and handling customer claims.
 Each company will maintain a complete separation of customer data from the other company
and each will continue to manage that data in accordance with regulatory requirements.

4.

Customer impact
There will be no impact to the policies issued by the respective companies by the pre-merger. AIUand FFM will continue to handle claims and administrative operations of their respective policies.

5.

Organizational changes and employee transfers
In line with the above, we will launch a new organization and personnel structure on April 1, 2017.
For further information, please refer to the additional press release.

(Appendix II)
Corporate officers list effective as of April 1st, 2017
Name

Position from Premerger
AIU

Kenneth Reilly

FFM

Representative
Director, President &CEO
Representative
Director, President &CEO

Takayoshi Yokoyama

MareatsuAzuma

Barker Giles
Naruyoshi

Kohari

Masayuki Kaneko
Hironori Takahashi

Corporate Officer

Individual Segment Div. Head

Corporate Officer

SME Segment Div. Head

Corporate Officer

CAP/MAP Segment Div. Head

Corporate Officer

CDO※1, Head of Sales
Corporate Officer

CDO※1, Head of Sales

Hidetoshi Yumoto

Corporate Officer

Kazunari

Fukutomi

Corporate Officer

Shinichi Iwamoto

Corporate Officer

Midori

Corporate Officer

CFO※2, Finance Div. Head

Misu

Corporate Officer

Compliance Div. Head

NagaseCorporate Officer

CRO※3, Enterprise Risk Management Div.
HeadNaoto Norio

Corporate Officer

Head of Administration

Teruo

Saito

Corporate Officer

Legal Div. Head

Skipper John

Corporate Officer

CIO※4, IT Div. HeadWalker Matthew

Corporate Officer

Marketing Div. HeadToshihiro Maeba

Corporate Officer

Integration Officer

Atsushi Katayama

Corporate Officer

Individual – PA & Medical Dept. HeadShiro Mikuriya

Corporate Officer

SME – SME Products Dept. Head

Yoshiaki Aragaki

Corporate Officer

Distribution - Metro Area Company Head

Masachika

Corporate Officer

Distribution - Kansai

Yoshio Fukue

Corporate Officer

Distribution – Mkt Management Div. Head

Yasuyuki Kurimaru

Corporate Officer

Distribution - Special Advisor

Zhuang Xiaoye

Corporate Officer

IT - Solution Delivery Dept.

Akinori Soyama

Corporate Officer

Kitazawa

Masayuki
AkiraSetta

Claims& Operations Div. HeadHR Div. Head

CorporateMarketing

Planning Div. Head-Area Company Head

Individual Segment※１ CDO stands for Chief Distribution Officer. ※2 CFO stands for Chief Financial Officer. ※３for Chief Risk Officer. ※４ CIO stands for Chief Information Officer.

CRO stands

(Appendix III)
Corporate NameAIU Insurance Company, Ltd.
Marunouchi Trust Tower, 1-8-3,Marunouchi, Chiyoda-ku, Tokyo

HQ Address
ARCA West, 1-2-4, Kinshi, Sumida-ku,
Tokyo

The Fuji Fire and Marine Insurance
Company, Ltd.

Kamiyacho MT Building, 4-3-20,Toranomon, Minato-ku, Tokyo

Representative Director,President & CEO

Kenneth Reilly

Takayoshi Yokoyama

Paid in Capital￥13.7 billion￥55.9 billion

Total Assets￥180.5 billion￥849.9 billion

Direct Premiums￥257.2 billion￥302.8 billion

Solvency Margin Ratio

738.3%

919.5%

Financial Strength Ratings

S&P : A+

S&P : A+JCR : A+

Established Year In Japan

1946

1918

*The financial results above are for/as of the fiscal year ended March 31, 2016.