HOUSTON, Aug. 15 /PRNewswire/ -- American General Corporation (NYSE: AGC)
today announced that Rodney O. Martin Jr. has been named president and chief
executive officer of American General Life Insurance Company, American
General's Houston-based life insurance subsidiary. Martin succeeds Robert S.
Cauthen Jr., who has resigned.
Martin joined American General as president and chief executive officer of
Syracuse-based American General Life Insurance Company of New York in 1995.
His financial services industry career includes 20 years of service with
Connecticut Mutual Life Insurance Company where he held a variety of marketing
and general management positions. He last served as president of Connecticut
Mutual Insurance Services with responsibility for product development,
marketing, and agency distribution. Martin joined Connecticut Mutual in 1975
as an agent and was a general agent before being named vice president -
agencies in 1990.
Martin, 44, a native of Portland, Maine received his B.S. degree in
business administration from Alfred University in 1974. He served on the
board of the Life Insurance Marketing Research Association's (LIMRA) agency
officer round table committee and is past president and board member of the
Syracuse General Agents and Managers Association. American General Life
Insurance Company, with assets of $7.3 billion and life insurance in force of
$45 billion, is a leading provider of interest-sensitive life insurance and
annuities to individuals and businesses. American General Life is rated AAA by
Standard & Poor's and Duff & Phelps, and A++ by A.M. Best.
American General Corporation is one of the nation's largest diversified
financial services organizations with assets of $63 billion and shareholders'
equity of $5.3 billion. Headquartered in Houston, it is a leading provider of
retirement annuities, consumer loans, and life insurance to over eight million
households. 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:
Robert D. Mrlik, vice president-investor
relations, 713-831-1137; or John E. Pluhowski, director-corporate
communications, 713-831-1149, both of American General
Corporation.
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