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AIG Appoints Chris Colahan as Regional President, AIG Asia Pacific
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
management
Rhea-AI Summary
American International Group (AIG) announced the appointment of Chris Colahan as the new Regional President for AIG Asia Pacific, effective in the second quarter of 2023. Colahan brings over 20 years of insurance experience, having previously served as President of Berkshire Hathaway Specialty Insurance for the UK and Europe. He replaces Steven Barnett, who is leaving for other opportunities. CEO Jon Hancock highlighted the importance of the Asia Pacific market for AIG's General Insurance business and expressed confidence in Colahan's leadership to expand business capabilities and deepen client relationships.
Positive
Chris Colahan's extensive experience in the insurance industry is expected to strengthen AIG's leadership.
Colahan's appointment may enhance AIG's market presence and client relationships in the Asia Pacific region.
Negative
Steven Barnett's departure could raise concerns about continuity in leadership.
Potential experience gaps due to leadership change might affect short-term strategy execution.
SINGAPORE--(BUSINESS WIRE)--
American International Group, Inc. (NYSE: AIG) today announced that Chris Colahan has been appointed Regional President, AIG Asia Pacific, and will join the company in the second quarter of 2023. Mr. Colahan will report to Jon Hancock, Chief Executive Officer of AIG’s International General Insurance business.
Chris Colahan (Photo: Business Wire)
Mr. Colahan has more than 20 years of insurance industry experience and most recently served as President of UK & Europe for Berkshire Hathaway Specialty Insurance (BHSI). Prior to that, he was President of BHSI Australasia. Previously, he served as Regional CEO for RSA Asia and CEO of RSA Asia’s Hong Kong and Singapore operations. Mr. Colahan holds a degree in Law and Commerce from Bond University, Australia.
“We are fortunate to have someone with Chris’ industry experience and vast knowledge of the Asia Pacific marketplace join AIG,” said Mr. Hancock, “Asia Pacific is an important market for our General Insurance business, and with Chris’ leadership, we expect to expand our business and capabilities, deepen relationships with distribution partners and clients, and continue to demonstrate our risk management expertise.”
Mr. Colahan replaces current Regional President, Steven Barnett, who is leaving to pursue opportunities outside the company.
“It is a privilege to join AIG, an industry leader with world-class capabilities,” said Mr. Colahan. “I look forward to working with the talented group of colleagues throughout the region and more broadly across the company. AIG is known for delivering excellence in everything it does and I am confident we will successfully execute on the Asia Pacific strategy with precision and a focus on quality outcomes.”
About AIG
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies offer insurance solutions that help businesses and individuals in approximately 70 countries and jurisdictions protect their assets and manage risks. AIG common stock is listed on the New York Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig | Twitter: @AIGinsurance www.twitter.com/AIGinsurance | LinkedIn: www.linkedin.com/company/aig. These references with additional information about AIG have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. 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.
