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Late News; Tizzio retires from AIG.

Publication: Business Insurance
Publication Date: 03-APR-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Late News; Tizzio retires from AIG.(American International Group Inc)(Financial Accounting Standards Board)(Florida Legislature OKs tort reform bill)

Article Excerpt
Thomas R. Tizzio, senior vice chairman, general insurance, for American International Group Inc., has retired from AIG. Mr. Tizzio, 68, who served as president of AIG from 1991-97, joined the insurer in 1967. He will remain an honorary director and will serve as an adviser to New York-based AIG.

Delphi to freeze DB plans

Financially troubled auto parts manufacturer Delphi Corp. intends to freeze its two massively underfunded pension plans covering salaried and hourly employees as part of its strategy to emerge from Chapter 11 bankruptcy. Delphi said it will stop accruals on Oct. 1 in its plan covering hourly U.S. employees and will freeze its salaried employees plan on Jan. 1, 2007. It will set up new defined contribution...

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