AIG Announces Business Leadership Appointments to Drive Next Phase of Profitable Growth
- David McElroy will focus on advancing client development, building distribution partner relationships, and supporting underwriting excellence.
- Don Bailey and Jon Hancock bring decades of experience to their new roles and will lead underwriting, distribution, and business teams.
- These changes reflect significant progress and will accelerate the implementation of the business strategy.
- None.
David McElroy Appointed Chairman of General Insurance
Don Bailey Appointed CEO, North America Insurance
Jon Hancock Appointed CEO, International Insurance
In his new role, Mr. McElroy will focus on advancing client development, building distribution partner relationships, and continuing to support our focus on underwriting excellence.
Mr. Zaffino stated, “I am grateful to Dave for his leadership and significant contributions over the past five years, as we built out an industry-leading global team and underwriting culture. I am confident that over the next few years, he will continue to drive significant value for our stakeholders in this new role, which will leverage his deep industry expertise, his exceptional underwriting experience, and his significant capabilities in the market.”
Mr. McElroy said, “It has been a great honor to be a part of AIG’s historic turnaround. By working in one of the most important parts of our business, focused on strengthening broker and client relationships, I see our commitment to underwriting excellence and enhanced focus on our clients in action every day. I’m excited by the opportunities ahead for us to continue to serve our clients, distribution partners, investors, and colleagues, and to continue to elevate our position in the industry.”
In their new roles, Mr. Bailey and Mr.
Mr. Bailey brings three decades of insurance underwriting and brokerage leadership experience to his new role and Mr.
Mr. Zaffino continued, “Don and Jon’s appointments align with our plans to create a leaner operating model, while remaining extremely focused on advancing our underwriting performance, continuing to enhance our operational excellence, and achieving double-digit returns. These changes reflect the significant progress we have made over the last several years and will accelerate the implementation of our business strategy going forward.”
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. For additional information, visit www.aig.com. AIG common stock is listed on the New York Stock Exchange.
AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
View source version on businesswire.com: https://www.businesswire.com/news/home/20231011841348/en/
Quentin McMillan (Investors): quentin.mcmillan@aig.com
Dana Ripley (Media): dana.ripley@aig.com
Source: American International Group, Inc.
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