Kevin H. Kelley has left his post as chief executive officer of American International Group's Lexington Insurance Company and president of AIG Domestic Personal Lines to become CEO of Ironshore Inc., it was announced today.
Financially-troubled AIG--which has been arguing that it needs to pay hefty retention bonuses to keep staff in place while it struggles to remain liquid--said Peter Eastwood had been promoted from executive vice president to CEO of Lexington.
After a reorganization in April, AIG created a Property Casualty Group, with AIG Executive Vice President Kristian P. Moor as president and CEO. At that point, Mr. Kelley--in addition to being Lexington's chairman and CEO--was appointed executive vice president of AIG Property Casualty Group and president of AIG Domestic Personal Lines, reporting to Mr. Moor. Mr. Kelley resigned his posts yesterday.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
