Greenberg’s Starr Hires Hayman From AIG to Expand in Asia

Maurice “Hank” Greenberg’s Starr International Co. named Jeffrey Hayman as president of international insurance operations as the company looks to expand in Asia.

Hayman previously led global consumer insurance at American International Group Inc. (AIG)’s property-casualty unit. He has worked in the U.S. and Asia and is a director of the Korea Society and the Japan Society, Starr said yesterday in a statement.

Hayman’s “experience, particularly in Asia, is a unique fit for our organization,” Greenberg said in the statement. “We expect that he will contribute to our continued growth in the international marketplace.”

Greenberg, 87, has built Starr’s business in Asia since leaving AIG, the firm he led for almost four decades through 2005 and built into the world’s largest insurer. He said last year that the region offers investment opportunities.

Greenberg has looked to hire from his former firm in the past. Starr named Charles Dangelo chief executive officer and Jim Vendetti chief underwriting officer of its subsidiary, Starr Indemnity & Liability, after AIG’s 2008 U.S. government rescue.

Hayman received a bachelor’s degree in economics and political science from Saint Olaf College in Minnesota and a master’s of business administration from the University of Hartford in Connecticut, according to the statement.

Peter Hancock, who leads AIG’s property-casualty business, will oversee consumer operations until Hayman’s successor is named, Jon Diat, an AIG spokesman, wrote in an e-mail. AIG repaid the remainder of its government bailout last year.

To contact the reporters on this story: Zachary Tracer in New York at ztracer1@bloomberg.net; Noah Buhayar in New York at nbuhayar@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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