AIG Promotes David McElroy to Lead North America General Insurance Operations
June 04 2019 - 04:59PM
Business Wire
American International Group, Inc. (NYSE:AIG) today announced
that David McElroy, President and CEO of Lexington, has been
promoted to President and CEO of the North America operations of
General Insurance. Mr. McElroy will continue to report to Peter
Zaffino, CEO General Insurance and Global Chief Operating Officer,
AIG, and continue to serve as a member of the General Insurance
Executive Leadership Team. This new appointment is effective
immediately. Mr. McElroy first joined AIG in October 2018.
In this new role, Mr. McElroy will continue to oversee
Lexington, as well as AIG Risk Management (AIGRM), Financial Lines,
Validus Specialty, Western World, Glatfelter and Programs. Mr.
McElroy will also oversee the U.S., Bermuda and Canada underwriting
and field operations of General Insurance.
“David’s strong track record of leading profitable underwriting
businesses and his deep client relationships make him ideally
qualified to lead the North American operations of General
Insurance,” said Mr. Zaffino. “I look forward to continuing to work
with David as we position AIG for sustainable underwriting
profitability.”
In connection with Mr. McElroy’s new role, AIG also announced
that Lou Levinson has been named President and CEO of Lexington.
Mr. Levinson will continue to report to Mr. McElroy, with
responsibility for the ongoing repositioning of the Lexington and
its new strategy as an Excess & Surplus Lines market
leader.
Prior to joining AIG, Mr. McElroy held numerous leadership roles
within the insurance industry, including Executive Chairman of Arch
Insurance Group Inc. and Vice Chairman of Arch Worldwide Insurance
Group. Mr. Levinson has served as Lexington’s Head of Casualty
since joining AIG in September 2018.
American International Group, Inc. (AIG) is a leading global
insurance organization. Building on 100 years of experience, 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.
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/20190604006086/en/
Matt Gallagher (Media): 212-458-3247;
matthew.gallagher2@aig.comLiz Werner (Investors): 212-770-7074;
elizabeth.werner@aig.com
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