Seraina Maag to Join AIG as President and CEO of Europe, Middle East, and
NEW YORK -- October 25, 2013
American International Group, Inc. (NYSE:AIG) today announced that it has
appointed Seraina Maag as the new President and Chief Executive Officer of its
Europe, Middle East, and Africa (EMEA) region, effective November 11, 2013.
Ms. Maag is a proven leader with deep global experience, having held
commercial insurance underwriting and finance roles in Europe, the United
States, and Australia over a career spanning more than 20 years. She joins AIG
from the XL Group, where she was Chief Executive, North American Property &
Casualty, and also held global responsibility for Excess Casualty and Surety.
At AIG, Ms. Maag will oversee the insurance businesses in the 47 countries
that comprise AIG’s EMEA region. Ms. Maag will be based in London and will
report directly to Peter D. Hancock, CEO of AIG Property Casualty. She
succeeds Nicholas Walsh, who has been serving as the region’s interim head
since April. Mr. Walsh will resume his role as Vice Chairman, AIG Property
Casualty, and will continue to hold his existing positions on the boards of
AIG Europe Ltd., AIG Asia Pacific Pte. Ltd, and Tata AIG.
“I am delighted to welcome Seraina to AIG,” said Mr. Hancock. “With her strong
insurance background, proven leadership skills, and global perspective, I am
confident she will be an invaluable asset to our business. We have made great
strides over the past several years, and Seraina’s appointment marks a
wonderful addition to our team as we continue to concentrate on refocusing our
business, improving our risk selection, and delivering outstanding service to
our brokers and customers around the world. I would also like to thank Nic
Walsh for his outstanding leadership of the region over this past year.”
Prior to XL Group, Ms. Maag was President of Zurich North America Commercial’s
Specialties business unit, where she managed all aspects of U.S. operations,
including A&H, Excess and E&S Casualty, Management Solutions Group (D&O, EPLI,
Fiduciary Liability, and Crime), Professional Liability, Surety, Political
Risk, and Trade Credit. She was promoted to this position after serving as the
unit’s Chief Financial Officer. Ms. Maag also served as head of Investor
Relations and Rating Agencies for Zurich Financial Services in Switzerland,
where she was responsible for managing relationships with global investors,
analysts, and rating agencies.
Before joining Zurich in 2002, Ms. Maag was a founding partner and financial
analyst for NZB Neue Zuercher Bank in Switzerland. Between 1990 and 2000, she
held various management positions in underwriting and finance at Swiss
Reinsurance in Switzerland and Australia.
Ms. Maag was elected a Young Global Leader by the World Economic Forum in 2009
and was named one of Business Insurance magazine's Women to Watch. She
received an MBA from Monash Mt. Eliza Business School in Australia and is a
Certified Financial Analyst. She is a dual citizen of Switzerland and
EMEA (Europe, Middle East and Africa) is one of three regions comprising AIG’s
Property Casualty business. The EMEA region is headquartered in London and
Dubai, with over 7,400 employees operating out of 47 countries across the
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.
Additional information about AIG can be found at www.aig.com | YouTube:
www.youtube.com/aig |Twitter: @AIG_LatestNews| LinkedIn:
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.
American International Group, Inc.
Marie Ali, +44-207-651-6396
Jon Diat, 212-770-3505
Liz Werner, 212-770-7074
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