Martin Sullivan
Martin Sullivan
behind good move possible record regard results soon start
We had record results in 2004 and we're off to a good start in 2005, ... With regard to any regulatory issues, I would like to get these behind us and soon as possible and move forward.
commitment cooperate fully practices sales
We have communicated our commitment to cooperate fully with all investigations of accounting, brokerage commissions, sales practices and other matters.
business cautious foreign general impact life placing producers seen
We haven't seen much impact on our foreign general or foreign life businesses, ... Some of our producers have been cautious placing business with some of our AIG subsidiaries.
agreements behalf china financial government include market number
Olin's many accomplishments include negotiating on behalf of the US Government a number of financial market agreements with other countries. China is a very important market for AIG.
address cannot ignore industry issues large measured success
We cannot ignore the issues that we have and that the industry has to address. Our success will be measured in a large part on how well we address these issues,
branch constant dialogue expand hope insurance operations owned soon visit wholly
We would like to expand our branch operations on a wholly owned basis. We're in constant dialogue with the insurance regulator, and I hope to visit him very soon in Beijing.
apparently arms attend cultural failing fields forces military ministry oil precision protection restraint short
While our military forces have displayed extraordinary precision and restraint in deploying arms -- and apparently in securing the Oil Ministry and oil fields -- they have been nothing short of impotent in failing to attend to the protection of (Iraq's) cultural heritage.
build changes core era greater including marked operate preserving values
We are embarking on a new era for AIG that will be marked by changes in the way we operate -- including greater responsiveness and transparency -- while preserving the core values that have enabled us to build an unequaled franchise,
capital certainly early strain
It is too early to tell how big Isabel will be, but it is certainly going to put a capital strain on many companies.
capital grow improve optimal returns stage surplus
We want to grow the organization and improve returns to shareholders, ... If at some stage there is surplus capital - we're not at that stage now - we will return it in the optimal manner.
company today
AIG today is a better company for all that we have been through.
achieved profitable quarter results sustained
AIG has achieved profitable results even as it sustained losses...in the most costly quarter for catastrophes ever recorded,
call concern corruption critical diplomatic downside environment investment
A critical downside of the investment environment is corruption -- what we used to call out of concern for diplomatic niceties 'transparency'.
affected business capital curve domestic flat insurance life lower markets related result retirement services spread volume yield
A flat yield curve affected our spread business, and transaction volume in domestic life insurance & retirement services and capital markets was lower as a result of regulatory and related issues,