AIG
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The carrier aims to create a separate company from its life and retirement business. -
The jump follows news of a life and retirement spin out and the departure of Brian Duperreault as CEO.
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Duperreault will take the post of executive chairman, and Steenland will become lead independent director.
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The executive previously spent 22 years at AIG before moving to XL Catlin in 2013.
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Pool Re CEO Julian Enoizi becomes deputy president, with Marsh UK and Ireland CEO Christopher Lay becoming deputy president designate.
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The executive is to take over all global insurance lines including AGCS and Euler Hermes.
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This publication earlier revealed that two financial institutions underwriters had resigned from the Lloyd’s business.
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The Lloyd’s business has just appointed former MS Amlin and StarStone executive Chris Rash as CEO.
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The reinsurance broker’s international chief leaves after 35 years.
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The newly created role will focus on broker relationships in the E&S markets.
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The GI CUO was at the heart of a remediation drive at AIG that involved major cuts to limits and a de-risking of the portfolio.
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Acting CEO David Morris will move to the role of CUO in the latest of several management changes.
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