Sjb Resume

STEVEN J. BENSINGER 1049 FIFTH AVENUE • APARTMENT 11A • NEW YORK, NY 10028 PHONE 917.929.8398 • FAX 212.744.2267 • [email protected]

EXECUTIVE SUMMARY Highly accomplished senior executive and business strategist with a proven record of decisive leadership within complex financial services enterprises. Deep operational and financial management expertise at the international and global levels. Demonstrated success in turnaround and crisis management. Valued business partner and advisor of Chairmen, CEOs and Boards of Directors. Areas of Expertise Strategic Planning • Crisis Management • Operational Management • Turnarounds Financial Management & Reporting • Mergers & Acquisitions • Regulatory Compliance • Spin-Offs • Restructurings • Joint Ventures • Bank & Investment Community Relations Securitizations • Treasury • Corporate Governance EXPERIENCE AMERICAN INTERNATIONAL GROUP, INC. New York, NY. 2002 – 2008 Vice Chairman, Financial Services & Chief Financial Officer (2008) Executive Vice President & Chief Financial Officer (2005 – 2008) Appointed Vice Chairman, Financial Services in May 2008, in addition to retaining Chief Financial Officer responsibilities. Selected by the Board of Directors in March 2005 to be the new Chief Financial Officer of one of the world’s largest companies during a time of considerable corporate duress. Actively involved in setting corporate strategy and corporate development activities. As CFO, responsible for financial management of AIG’s major business segments: U.S. and foreign property and casualty insurance, domestic and foreign life insurance, retirement services, investments, financial services, financial reporting, treasury, tax, enterprise risk management, IT, actuarial services, investor relations, rating agency relations, strategic planning, internal audit, research and development as well as the diversity office. Successfully led the company through an unprecedented internal review and restatement process. Restatement was one of the most comprehensive in U.S. corporate history. Held positions of Chief Legal Officer as well as head of Global Human Resources on an interim basis during periods of executive search. Served as a Member of the Board for many of AIG’s subsidiary organizations, a number of which were publicly traded.

Executive Vice President, Chief Financial Officer, Treasurer & Comptroller (2005) Senior Vice President, Treasurer & Comptroller (2005) Performance as Treasurer resulted in a promotion to Senior Vice President and Comptroller, while maintaining the Treasurer’s position. Significant dealings with regulators, rating agencies, banks and the investment community.

    Steven J. Bensinger/2   AMERICAN INTERNATIONAL GROUP, INC. New York, NY. (continued) Vice President & Treasurer (2002 – 2005) Joined AIG in September 2002 as Treasurer to repair the operations and reputation of the Treasury function with both internal and external constituents. Enhanced the functioning of Treasury, strengthened relationships with 80+ banks worldwide and improved staff performance, efficiency and morale. COMBINED SPECIALTY GROUP, INC. Chicago, IL. 2002 Executive Vice President & Chief Financial Officer Part of team of senior executives charged with spinning off Aon Corporation’s underwriting operations into its own publicly traded enterprise. As part of this effort, created and established an entirely new specialty property and casualty insurance operation to complement existing supplemental life and extended warranty insurance operations. TRENWICK GROUP LTD. Stamford, CT & Hamilton, Bermuda. Executive Vice President Joined Trenwick in connection with the acquisition by Trenwick of Chartwell Re.

1999 – 2001

Responsibilities included strategic planning, mergers and acquisitions, executive compensation, and oversight of the legal, human resource and administration functions. Principal driver of the acquisition of LaSalle Re, a public Bermuda-based property reinsurance enterprise. Led all phases of the transaction, from due diligence through to integration. CHARTWELL RE CORPORATION. Stamford, CT. 1993 – 1999 President & Director Hired to help lead this recently-formed company through a period of significant growth; originally considered for CFO role and was offered role of President, which was then specifically created. Responsible for all business units outside underwriting, including finance, actuarial, claims, IT, HR and legal departments. Brought company public through a reverse merger with a public entity, which was a unique and unprecedented transaction at the time, involving the issuance of highly sophisticated financial instruments. Model was subsequently used for other insurance transactions within the industry. Drove company’s international expansion through the acquisition of a UK-based Lloyd’s of London managing agency. Selected by the Board as Chairman and Chief Executive of the managing agency during its significant restructuring from July 1998 to October 1999, while maintaining all responsibilities as President of the holding company. Led equity offerings, debt financings, acquisition efforts and new company formations; principal contact with analysts, investors and bankers. Spearheaded the process of marketing the company pursuant to the Board of Directors’ decision to sell the business.

    Steven J. Bensinger/3   SKANDIA AMERICA CORPORATION. New York, NY. 1987 – 1992 President, Chief Operating Officer & Director (1991 – 1992) Executive Vice President & Chief Financial Officer (1988 – 1991) Senior Vice President & Chief Financial Officer (1987 – 1988) While at Coopers & Lybrand, designed and successfully assisted in the execution of a billion-dollar recapitalization plan for the company, which did not contribute to any loss of reputation or business momentum. This work resulted in the offer of the CFO role, and ultimately that of President. As President, responsibilities included direction of all reinsurance underwriting activities, including treaty, facultative, surety, financial guaranty, alternative risk and finite risk, as well as all financial, actuarial, claims, legal and other administrative areas. Led the development of the alternative risk and finite risk areas, which were among the first in the reinsurance business. Served as Chairman of numerous subsidiaries, including Pegasus Advisors and all Bermuda and Canadian operations. COOPERS & LYBRAND. New York, NY. 1976 – 1987 Partner (1985 – 1987) Manager (1981 – 1985) Staff Accountant & Supervisor (1976 – 1981) Fast-track to Partner. Following a nine-year tenure, one of the youngest professionals to be promoted to this position. Operating partner for AIG, one of the largest engagements of the firm. Other clients included Skandia, Transatlantic Re and Brown Brothers Harriman. EDUCATION New York University, Leonard N. Stern School of Business Bachelor of Science, Double Major in Accounting and Computer Applications/Information Systems Graduated Cum Laude

1976

PROFESSIONAL ACCREDITATIONS Certified Public Accountant MEMBERSHIPS American Institute of Certified Public Accountants New York State Society of Certified Public Accountants DIRECTORSHIPS Member of the Board of Overseers, Leonard N. Stern School of Business, New York University Past President and Board Member, Stern School of Business Alumni Association Member of the Board of Directors and Executive Committee, Ronald McDonald House of New York, Inc.