AIG Names Chris Townsend as Chief Executive Officer, International General Insurance
October 30 2017 - 7:00PM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that Chris Townsend will join the company as Chief Executive
Officer, International General Insurance. In this newly created
role, Mr. Townsend will lead the International operations of AIG’s
General Insurance business, with responsibility for executing its
growth strategy and building on the company’s extensive
international footprint to support a profitable, client focused
organization. He will report to Peter Zaffino, Chief Executive
Officer, General Insurance, as a member of the General Insurance
Executive Leadership Team and is expected to join the company in
the first quarter of 2018.
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Chris Townsend (Photo: Business Wire)
“We are extremely pleased to welcome Chris back to AIG,” said
Mr. Zaffino. “He is a highly experienced leader in the insurance
industry who knows our company well. He brings deep international
expertise to our team, as well as a proven track record of
delivering strong financial and operating results. I look forward
to partnering with Chris as we strategically position General
Insurance for the future.”
Mr. Townsend said: “I started my career at AIG, and it feels
great to be returning and to be part of the next era in the
company’s long history. I look forward to working with Peter and
his talented team to build on AIG’s strong global footprint and
contribute to a growing, successful future.”
Mr. Townsend has over 25 years of experience in the insurance
industry. He previously served as president of MetLife's Asia
region, with responsibility for all businesses and operations
across 11 markets in Asia, and as a member of the company's
Executive Group. He joined MetLife from AIG, where he held senior
roles with increasing responsibility based out of London, New York,
Singapore, Sydney and Hong Kong. From 2010 to 2012, Mr. Townsend
was Chief Executive Officer of AIG’s Asia Pacific region, with
oversight of 15 countries, and helped drive capital optimization,
cost efficiency and above average returns on equity. He serves on
the Board of the Japan Society and holds a number of advisory
positions, including as Advisor to the Asia Society, Vice Chairman
of the U.S.-Korea Business Council, and a member of the
international advisory council to the Guangdong Government. He is a
Chartered Insurer.
# # #
Certain statements in this press release constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results
contemplated by these statements. Factors that could cause actual
results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization. Founded in 1919, today AIG member companies
provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. AIG common stock is listed on the
New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com |
YouTube: www.youtube.com/aig | Twitter: @AIGinsurance
www.twitter.com/AIGinsurance | LinkedIn:
www.linkedin.com/company/aig. These references with additional
information about AIG have been provided as a convenience, and the
information contained on such websites is not incorporated by
reference into this press release.
AIG is the marketing name for the worldwide property-casualty,
life and retirement, and general insurance operations of American
International Group, Inc. For additional information, please visit
our website at www.aig.com. All products and services are written
or provided by subsidiaries or affiliates of American International
Group, Inc. Products or services may not be available in all
countries, and coverage is subject to actual policy language.
Non-insurance products and services may be provided by independent
third parties. Certain property-casualty coverages may be provided
by a surplus lines insurer. Surplus lines insurers do not generally
participate in state guaranty funds, and insureds are therefore not
protected by such funds.
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American International Group, Inc.Investors:Liz Werner,
212-770-7074elizabeth.werner@aig.comorMedia:Jessica McGinn,
212-458-4215jessica.mcginn@aig.comorMedia:Claire Talcott,
212-458-6343claire.talcott@aig.com
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