On the heels of the departure of four senior executives from American International Group, Inc., to Berkshire Hathaway, AIG has announced several executive appointments in its property casualty business segment, effective immediately.
Robert Schimek will become president and chief executive officer of AIG's property and casualty's operations in the Americas. Mr. Schimek will relocate to New York from London, where he has been serving as president and CEO of the Europe, Middle East, and Africa region. Prior to becoming head of that region, Mr. Schimek was chief financial officer of AIG's property and casualty operations. He will continue to report to Peter Hancock, president and chief executive officer of AIG's property and casualty business.
Nicholas Walsh, who ran AIG's international property and casualty businesses for many years, will become president and chief executive officer of the Europe, Middle East, and Africa region on an interim basis while the company seeks a permanent successor to Mr. Schimek. Mr. Walsh, an AIG veteran of nearly 40 years, chairman of AIG Europe Ltd., and a resident of the United Kingdom, has been serving as a senior adviser on broker, client, and government relations matters since 2011. He will report to Mr. Hancock.
Alexander Baugh will assume responsibility for AIG's global casualty business, reporting to John Doyle, chief executive officer of global commercial insurance within AIG's property and casualty operations. A 29 year veteran of AIG, Mr. Baugh has held several senior roles at the company, including most recently as chief risk officer and head of strategy for AIG's property and casualty businesses and, before that, as chief executive officer of AIG's Europe operations.
“Rob, Nic, and Lex represent what is most powerful about AIG: a strong bench of seasoned property casualty experts with deep product and global expertise who work closely and tenaciously to help clients and brokers embrace opportunities and face challenges all over the world,” Mr. Hancock said. “Over the last several years, we have made great strides in refocusing our business, improving our risk selection, and delivering outstanding service to our brokers and customers. I have every confidence that our people, through leadership, teamwork, and our knack for finding the answer, no matter how difficult the problem, will continue to win on the merits in every market where we choose to compete.”
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].