AIG consolidates reinsurance operation, names new AIG Re CEO
Christopher Schaper joins AIG from Marsh, where he was CEO of the managing general agent businesses since 2016.
American International Group Inc. (AIG) has announced the formation of AIG Re, which consolidates the company’s assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business. Leading the charge is Christopher Schaper, who has been appointed CEO, effective July 1, 2019.
In this new role, Schaper will oversee implementation of AIG’s assumed reinsurance strategy with a focus on continuing to develop, market and deliver innovative reinsurance and capital market solutions to clients on a global basis. He will be based in Bermuda.
“Chris’s deep reinsurance expertise and industry relationships will accelerate the execution of our strategy for AIG Re,” Peter Zaffino, president and CEO of AIG General Insurance, and global CEO, said in a statement.
Past experience
Schaper brings more than three decades of experience in the insurance and reinsurance industries to AIG. He joins AIG from Marsh, where he was CEO of the managing general agent businesses since 2016. Prior to that, he served as president of Montpelier Re Ltd. and underwriting chairman of Blue Capital, Montpelier’s capital markets entity.
“I am pleased to join AIG as the company focuses on enhanced opportunities, underwriting excellence and differentiating its capabilities in the global market,” Schaper said in a statement. “I look forward to working closely with the Validus Re, AlphaCat and Talbot teams as we position AIG Re to deliver current and innovative products to clients and partners as well as engage in new initiatives as we further develop our global business.”
Related: