AIG Announces Property Casualty Appointments
NEW YORK -- April 29, 2013
American International Group, Inc. (NYSE: AIG) today announced several
executive appointments in its property casualty business segment, effective
Robert Schimek will become President and Chief Executive Officer of AIG
Property Casualty’s Americas region. Mr. Schimek, one of the company’s most
experienced executives, will relocate to New York from London, where he has
been serving as President and CEO of the Europe, Middle East, and Africa
region. Prior to becoming head of EMEA, Mr. Schimek was Chief Financial
Officer of AIG Property Casualty. He will continue to report to Peter Hancock,
President and Chief Executive Officer of AIG Property Casualty.
Nicholas Walsh, who ran AIG’s international property casualty businesses for
many years, will become President and Chief Executive Officer of EMEA on an
interim basis as the company seeks a permanent successor to Mr. Schimek in due
course. Mr. Walsh, an AIG veteran of nearly 40 years, Chairman of AIG Europe
Ltd., and a resident of the United Kingdom, has been serving as a senior
adviser on broker, client, and government relations matters since 2011. He
will report to Mr. Hancock.
Alexander Baugh will assume responsibility for AIG’s global Casualty business,
reporting to John Doyle, Chief Executive Officer of Global Commercial
Insurance within AIG Property Casualty. As a 29 year veteran of AIG, Mr. Baugh
has held several senior roles at the company, including most recently as Chief
Risk Officer and Head of Strategy for AIG Property Casualty and before that,
served as Chief Executive Officer of Europe.
“Rob, Nic, and Lex represent what is most powerful about AIG: a strong bench
of seasoned property casualty experts with deep product and global expertise
who work closely and tenaciously to help clients and brokers embrace
opportunities and face challenges all over the world,” Mr. Hancock said. “Over
the last several years, we have made great strides in refocusing our business,
improving our risk selection, and delivering outstanding service to our
brokers and customers. I have every confidence that our people, through
leadership, teamwork, and our knack for finding the answer, no matter how
difficult the problem, will continue to win on the merits in every market
where we choose to compete.”
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead represent
only AIG’s belief regarding future events, many of which, by their nature, are
inherently uncertain and outside AIG’s control. It is possible that actual
results will differ, possibly materially, from the anticipated results
indicated in these statements. Factors that could cause actual results to
differ, possibly materially, from those in the forward-looking statements are
discussed throughout AIG’s periodic filings with the SEC pursuant to the
Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading international insurance
organization serving customers in more than 130 countries. AIG companies serve
commercial, institutional, and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In addition,
AIG companies are leading providers of life insurance and retirement services
in the United States. AIG common stock is listed on the New York Stock
Exchange and the Tokyo Stock Exchange.
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