AIG Names Thomas Lillelund as Chief Executive Officer of AIG Europe SA
August 08 2018 - 10:32AM
Business Wire
American International Group, Inc. (NYSE:AIG) today announced
that Thomas Lillelund will join as Chief Executive Officer of AIG
Europe SA. Headquartered in Luxembourg, AIG Europe SA is a new
legal entity for AIG’s business in the European Economic Area and
Switzerland. The new entity has been established to provide
business continuity for AIG’s European operations after the United
Kingdom leaves the European Union.
In this new role, Mr. Lillelund will report to Chris Townsend,
Chief Executive Officer, International General Insurance. His
appointment is subject to the required regulatory approval. Mr.
Lillelund joins from Aspen Re where he has been Chief Executive
Officer. He will be responsible for Continental Europe and Ireland.
Anthony Baldwin, currently CEO of AIG Europe Limited, will become
Chief Executive Officer of AIG’s new UK entity, American
International Group UK Limited, and will continue to report to Mr.
Townsend.
Commenting on Mr. Lillelund’s appointment, Mr. Townsend said:
“I’m delighted to welcome Thomas back to AIG as CEO of our European
business. Thomas is a well-respected international insurance
executive who is a strategic leader with experience growing and
building teams.”
Previously, Mr. Lillelund served as regional managing director
of the Asia Pacific region for Aspen Re. During his 20-year career,
Mr. Lillelund previously served as AIG’s Regional Vice President in
Southeast Asia, and worked for various companies in Hong Kong,
South Africa and the US.
AIG has established two new entities, one in the UK and one in
Luxembourg, to enable uninterrupted client service regardless of
the future relationship between the UK and the EU. AIG will
transfer existing business to the new UK and European entities and
merge its existing carrier, AIG Europe Limited, into the new
European company. The two new companies will begin writing business
from 1 December 2018.
###
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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version on businesswire.com: https://www.businesswire.com/news/home/20180808005468/en/
Media, AIG Europe LtdHannah Scott, +44 20 7954
7289hannah.scott@aig.comorInvestorsLiz Werner,
212-770-7074elizabeth.werner@aig.com
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