"In many markets, we already have been successful serving, with a wide range of products, a full array of the financial needs of our large policyholder base. With a global franchise unmatched by any other financial services organization, AIG is uniquely positioned to become the leading provider in the worldwide retirement savings market in the years ahead," said M. R. Greenberg, chairman of AIG, in a statement.
AIGs network of foreign life insurance now extends into over 70 countries.