AIG Names Charlie Fry Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization
July 25 2022 - 7:00AM
Business Wire
American International Group, Inc. (NYSE: AIG) today announced
that Charlie Fry has been named Executive Vice President,
Reinsurance Purchasing and Risk Capital Optimization, effective
July 31st. Mr. Fry will report to Peter Zaffino, AIG’s Chairman
& Chief Executive Officer and will assume responsibility for
AIG’s reinsurance purchasing strategy and placement execution, as
well as optimizing capital allocation in AIG’s property casualty
business. In this role, he will work closely with Shane Fitzsimons,
AIG’s Executive Vice President & Chief Financial Officer, and
Mark Lyons, AIG’s Executive Vice President, Global Chief Actuary
and Head of Portfolio Management.
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Charlie Fry, Executive Vice President,
Reinsurance Purchasing and Risk Capital Optimization, AIG (Photo:
Business Wire)
“I am very pleased to welcome Charlie back to AIG. The continued
execution of our reinsurance strategy is essential to our progress
toward becoming a top performing company,” said Mr. Zaffino.
“During Charlie’s previous tenure at AIG, he played a key role in
AIG’s underwriting turnaround and established a framework for
reinsurance purchasing and risk and volatility mitigation efforts
across our global portfolio. I have worked with Charlie for many
years and am confident he will make significant contributions to
AIG as we progress our deployment of capital and continue to
improve our risk adjusted returns.”
Mr. Fry first joined AIG in 2017 as Global Head of Reinsurance
Strategy and Head of Global Portfolio Management for General
Insurance. After departing AIG in 2020, he served as Chief
Executive Officer of Acacia Holdings Ltd., a Bermuda-based capital
investment company. He previously served as Group Chief Financial
Officer at Novae Group plc, a UK-listed specialty insurer, and,
prior to that, was Global Chief Operating Officer at Guy Carpenter.
In addition, he previously worked with Apax Partners on its
investment in Travelex Group and, from 1999 to 2006, Mr. Fry was a
member of the senior management team of Benfield Group.
“I am delighted to be rejoining AIG and it is a privilege to
work once again with Peter Zaffino.” said Mr. Fry. “AIG is a global
leader in risk management, and I look forward to working with Peter
and the broader AIG team at this exciting stage of the company’s
transformation.”
About AIG
American International Group, Inc. (AIG) is a leading global
insurance organization. AIG member companies provide a wide range
of property casualty insurance, life insurance, retirement
solutions, and other financial services to customers in
approximately 70 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.
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 jurisdictions, and coverage is subject to
underwriting requirements and 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/20220725005279/en/
Quentin McMillan (Investors): Quentin.Mcmillan@aig.com Dana
Ripley (Media): Dana.Ripley@aig.com
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