American International Group, Inc. AIG, -2.33% today appear the accumulation of AIG Re, which consolidates the company’s affected Reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty into one all-around business.
The aggregation additionally appear that Christopher Schaper has been appointed CEO of AIG Re, able July 1, 2019. In this new role, Mr. Schaper will baby-sit accomplishing of AIG’s affected Reinsurance action with a focus on continuing to develop, bazaar and bear avant-garde reinsurance and basic bazaar solutions to audience on a all-around basis. Mr. Schaper will address to Peter Zaffino, President and CEO, AIG Accepted Insurance, and All-around Chief Operating Officer, AIG. Mr. Schaper will be based in Bermuda.
“Building on our efforts to position AIG as an industry leader, Chris will advance AIG Re’s commitment of differentiated amount to our audience through the conception of new pools of accident and the deployment of another capital,” said Mr. Zaffino. “Chris’ abysmal reinsurance ability and industry relationships will advance the beheading of our action for AIG Re. I attending advanced to affable Chris to AIG.”
“I am admiring to accompany AIG as the aggregation focuses on added opportunities, underwriting arete and appropriate its capabilities in the all-around market,” said Mr. Schaper. “I attending advanced to alive carefully with the Validus Re, AlphaCat and Talbot teams as we position AIG Re to bear accepted and avant-garde articles to audience and ally as able-bodied as appoint in new initiatives as we added advance our all-around business.”
Mr. Schaper brings added than three decades of acquaintance in the allowance and reinsurance industries to AIG. He joins AIG from Marsh, area he was CEO of the managing accepted abettor businesses back 2016. Prior to that, Mr. Schaper served as President of Montpelier Re Ltd. and Underwriting Chairman of Blue Capital, Montpelier’s basic markets entity.
Previously, Mr. Schaper captivated several administration positions at Endurance Specialty Allowance Ltd., including Chief Underwriting Officer and Head of Reinsurance, and Head of Blow Treaty Reinsurance. Earlier in his career, Mr. Schaper captivated roles at Gerling All-around Banking Products, Employers Reinsurance Corporation (a analysis of GE Capital), CIGNA and USF&G.
American International Group, Inc. (AIG) is a arch all-around allowance organization. Building on 100 years of experience, today AIG affiliate companies accommodate a advanced ambit of acreage blow insurance, activity insurance, retirement products, and added banking casework to barter in added than 80 countries and jurisdictions. These assorted offerings accommodate articles and casework that advice businesses and individuals assure their assets, administer risks and accommodate for retirement security. AIG accepted banal is listed on the New York Banal Exchange.
Additional advice about AIG can be begin at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with added advice about AIG accept been provided as a convenience, and the advice absolute on such websites is not congenital by advertence into this columnist release.
AIG is the business name for the common property-casualty, activity and retirement, and accepted allowance operations of American International Group, Inc. For added information, amuse appointment our website at www.aig.com. All articles and casework are accounting or provided by subsidiaries or affiliates of American International Group, Inc. Articles or casework may not be accessible in all countries, and advantage is accountable to absolute action language. Non-insurance articles and casework may be provided by absolute third parties. Certain property-casualty coverages may be provided by a surplus curve insurer. Surplus curve insurers do not about participate in accompaniment agreement funds, and insureds are accordingly not adequate by such funds.
View antecedent adaptation on businesswire.com: https://www.businesswire.com/news/home/20190619005778/en/
SOURCE: American International Group, Inc.
Copyright Business Wire 2019
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