AIG Departures Mount as AIA's Wilson, Chairman Golub are Forced Out: Table
Mark Wilson, who was replaced as leader of American International Group Inc.’s main Asia unit, joins more than 70 managers who defected to competitors, retired or were forced out following the insurer’s rescue.
Former Prudential Plc Chief Executive Officer Mark Tucker will be the new head of AIA Group Ltd, AIG said yesterday. AIG CEO Robert Benmosche told staff in a memo that AIA needs to put “the best team of the field” to prepare for the unit’s initial public offering. Harvey Golub stepped down last week as AIG’s chairman after clashing with Benmosche over AIA.
The following table lists managers who have left since New York-based AIG was rescued by the U.S. in a 2008 bailout that swelled to $182.3 billion. The table was compiled from company statements and news reports. Some job titles, companies and employee first names have been abbreviated for space, and the new employers of some people weren’t immediately available.
Date New Name Announced Company New Role A. Archambault Apr. 2009 Ironshore SVP, reinsurance Nicholas Ashooh Jan. 2010 Alcoa VP, corporate affairs Carl Bach Jan. 2009 Navigators SVP, intl. liability John Benedetto Oct. 2008 Berkley Pres., prof. liability Steven Bensinger Oct. 2008 Hanover EVP Robin Betza May 2009 Navigators VP, underwriting Richard Booth June 2009 Guy Carp. Vice chairman Paul Brophy Oct. 2008 Berkley SVP, prof. liability Allan Burns Aug. 2009 MMA Devlp. Manager, Scotland Michael Costello Apr. 2009 Allied SVP, Bermuda gen. casualty Becky Cox May 2009 Darwin VP, health-care development Robert Cruz Dec. 2008 Hiscox VP, terrorism underwriting Charles Dangelo Mar. 2009 Starr CEO, indemnity & liability K. Dauphinais Jan. 2010 Beazley Prof. liability underwriter Nikolay Dmitriev Oct. 2008 Ace Ltd. Country manager, Russia Susan Doering Nov. 2008 Philadel. VP, enviro. underwriting L. Engrissei Feb. 2010 Iron-Starr SVP, claims manager Steve Fogarty Feb. 2010 Arch Manager, Lloyd’s/S. Africa Bob Gadaleta Dec. 2008 Hiscox SVP, management liability Rick Gibbons Apr. 2009 Zurich President, global energy Harvey Golub Jul. 2010 Thomas Greene Feb. 2009 Mercury SVP, employment practices Jeff Hager Sep. 2009 Allianz VP, sales, Fireman’s Fund David Hawksby Dec. 2008 Validus CEO, technical lines unit Sharon Herschlag May 2009 Safety Underwriting manager Kevin Hogan Nov. 2008 Zurich Head, U.S. life Dennis Johnson Jul. 2009 Torus VP, sr. prop. underwriter Karl Jordan Apr. 2009 Allied VP, general casualty Ravi Kamath Jan. 2010 Hunter Mng. director, fixed-income Andrew Kaslow Jan. 2010 Anastasia Kelly Dec. 2009 DLA Piper Of Counsel Shaun Kelly Dec. 2008 Ironshore Head, U.S. operations Kevin Kelley Dec. 2008 Ironshore CEO Patrick Kenahan Apr. 2009 Allied VP, general casualty Gordon Kerr Nov. 2008 Arch CEO, Canadian operations Susan Kostro Mar. 2009 Ironshore VP, underwriting Chris Leisz Dec. 2008 Hiscox SVP, management liability Edward Liddy May 2009 CD&R Partner Will Lovett Oct. 2008 Allianz Executive team, aviation William McArthur Jul. 2009 Torus VP, underwriting Tim McAuliffe Apr. 2009 Ironshore President, spec. casualty Anthony Mammolite Apr. 2009 Ironshore VP, U.S. property unit Edward Mazman Apr. 2009 Ironshore SVP, U.S. property unit Mark Mowinski Jul. 2009 Torus VP, sr. prop. underwriter William Nutt June 2010 Mark O’Dell Sep. 2008 Manulife Head of Taiwan operations Paul Parello Jan. 2009 Hudson VP, underwriting John Plueger Mar. 2010 Air Lease President Robert Purdy Feb. 2009 Ace Ltd. SVP, workers compensation Dan Raab Jul. 2009 C. Suisse Head, commodity strategies Thomas Reagan Feb. 2009 Beazley Underwriter, large accounts Paula Reynolds Aug. 2009 K. Richardson May 2009 Allied SVP, human resources Michael Roemer May 2010 CIT Group EVP, internal audit. Chris Strong Dec. 2008 Ace Ltd. Enviro. risk underwriter Richard Scott Jan. 2009 Loews Chief Investment Officer Geoff Smith Jan. 2009 Ironshore Head of excess liability Stuart Spencer May 2009 Chubb COO, accident and health Christopher Swift Feb. 2010 Hartford CFO, Alico Edmund Tse Mar. 2009 John Tutera Dec. 2008 Hiscox VP, construction property Steven Udvar-Hazy Feb. 2010 Air Lease Chairman Jim Vendetti Jul. 2009 Starr SVP, underwriting chief Steven Walsh Oct. 2008 Berkley EVP, professional liability Michael Warwicker May 2009 Iron-Starr Chief Operating Officer Thomas White Nov. 2009 Zurich CEO, Farmers Life Kevin Whitehead Oct. 2008 Zurich Head, U.S. excess casualty Mark Wilson Jul. 2010 Philip Wilson Oct. 2008 Zurich Chief underwriter, life Matthew Winter Oct. 2009 Allstate CEO, life insurance Gonzalo Zeballos Oct. 2009 Baker Host Partner