HOUSTON, Nov. 24 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Christopher S. Ruisi has been named president and chief
executive officer of two of its life insurance subsidiaries -- American
General Life Insurance Company of New York and Security of America Life
Insurance Company. He will report to the office of the chairman of American
General Corporation.
Ruisi, 48, began his 27-year financial services industry career in banking
before joining USLIFE Corporation where he held a variety of senior management
positions. Most recently, he served as president and chief operating officer
of USLIFE prior to American General's acquisition of the company in June 1997.
Ruisi also served as senior officer in charge of USLIFE's operations support
center and group executive of the company's insurance services and operations
subsidiaries. He was elected to the board of directors of USLIFE in 1992.
Ruisi, a native of Brooklyn, New York, received his B.A. degree from
St. Francis College in 1970.
American General Life Insurance Company of New York and Security of
America Life Insurance Company offer worksite/voluntary financial products
and services including group life insurance, dental, and disability products.
The companies market to employee groups and associations.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $79 billion and shareholders'
equity of $7.3 billion. Headquartered in Houston, it is a leading provider
of retirement services, life insurance, and consumer loans to 12 million
customers. American General common stock is listed on the New York, Pacific,
London, and Swiss stock exchanges.
SOURCE American General Corporation
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CONTACT: Investors: Robert D. Mrlik, Vice President - Investor Relations, 713-831-1137, or David W. Entrekin, Vice President - Investor Relations, 713-831-1346, or Media: John E. Pluhowski, Director - Corporate Communications, 713-831-1149, all of American General Corporation
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