AIG Makes Global P/C Underwriting Executive Changes
American International Group Inc. said it has strengthened its global chief underwriting office with the appointment of two executives to new roles.
Kean Driscoll was named global chief underwriting officer for property and agriculture, general insurance, and Alexander Baugh was appointed global chief underwriting officer for casualty and financial lines, general insurance. In connection with Driscoll's new role, Jeff Clements was appointed chief executive officer of Validus Re. Clements was previously chief underwriting officer of Validus Re. Driscoll and Baugh will report to Tom Bolt, global chief underwriting officer, AIG General Insurance, and will continue to serve on the General Insurance Executive Leadership Team.
A founding member of Validus, Driscoll was most recently CEO of Validus Re.
Baugh, with a 35-year career at AIG, was most recently president and CEO of North America general insurance.
The moves come a day after AIG promoted David McElroy to president and CEO of North America general insurance operations. In connection with his new role, AIG also named Lou Levinson as president and CEO of Lexington.
McElroy, who has been president and CEO of AIG's Lexington affiliate, will continue to report to Peter Zaffino, CEO of general insurance and global chief operating officer at AIG, and will continue to serve as a member of the General Insurance Executive Leadership Team. McElroy's appointment is also effective immediately.
In this new role, McElroy will continue to oversee Lexington, as well as AIG Risk Management, financial lines, Validus Specialty, Western World, Glatfelter and programs. He will also oversee the U.S., Bermuda and Canada underwriting and field operations of general insurance.