AIG Appoints Gordon Browne as Global Head of Specialty

Rhea-AI Summary

American International Group (AIG) announced the appointment of Gordon Browne as Global Head of Specialty, effective June 11, 2024. Browne will report to Jon Hancock, EVP and CEO of International Insurance, and will join the leadership team of the International Insurance unit. Browne comes from Allianz, where he served as Global Head of Specialty since April 2023. Browne will oversee AIG's global strategy for its Specialty businesses, including Marine, Aviation, Credit Lines, and Energy & Construction. With over 20 years of experience, Browne previously held several senior roles at AIG, including Global Head of Energy & Construction and Head of North America Specialty.

Positive

• Appointment of an experienced leader, Gordon Browne, with over 20 years in global specialty insurance.
• Browne's previous successful tenure at AIG indicates a strong understanding of the company's operations and culture.
• Strategic focus on advancing technical expertise and market positioning in Specialty businesses, potentially enhancing AIG's competitive edge.
• Leadership changes could drive growth and deliver differentiated value to clients and broker partners.

Negative

• Potential risk associated with leadership changes, including integration challenges and initial disruption.
• Browne's recent tenure at Allianz implies recent experience at AIG, potentially impacting initial transition.

NEW YORK--(BUSINESS WIRE)-- American International Group, Inc. (NYSE: AIG) today announced that Gordon Browne has been appointed Global Head of Specialty, effective June 11, 2024. Mr. Browne will report to Jon Hancock, Executive Vice President and Chief Executive Officer, International Insurance, and will serve on the International Insurance leadership team. Mr. Browne rejoins AIG from Allianz, where he served as Global Head of Specialty since April 2023.

Gordon Browne (Photo: Business Wire)

As AIG’s Global Head of Specialty, Mr. Browne will be responsible for leading the global strategy to advance the technical expertise and market positioning of the company’s Specialty businesses, encompassing global Marine, Aviation, Credit Lines and Energy & Construction.

“With more than two decades of executive leadership experience in global specialty insurance, Gordon Browne is uniquely qualified to drive our specialty business forward as we build on our momentum as a leading global property and casualty insurer,” said Jon Hancock, Executive Vice President and Chief Executive Officer, AIG International Insurance. “I am pleased to welcome Gordon back to AIG.”

“Rejoining AIG at this exciting time is an extraordinary opportunity. I am looking forward to working with Jon Hancock and the most talented global team in the industry to drive the company’s continued growth and deliver critical technical expertise and differentiated value to our clients and broker partners,” said Mr. Browne.

With more than 20 years of industry experience in the US and the UK, Mr. Browne held several senior leadership positions during his previous eight-year tenure at AIG, including Global Head of Energy & Construction and Head of North America Specialty.

About AIG

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in approximately 190 countries and jurisdictions protect their assets and manage risks through AIG operations and network partners. For additional information, visit www.aig.com. This website with additional information about AIG has been provided as a convenience, and the information contained on such website is not incorporated by reference into this press release.

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/20240522066132/en/

Quentin McMillan (Investors): quentin.mcmillan@aig.com

Leah Gerstner (Media): leah.gerstner@aig.com

Source: American International Group, Inc.

FAQ

Who is the new Global Head of Specialty at AIG?

Gordon Browne has been appointed as the new Global Head of Specialty at AIG, effective June 11, 2024.

When did AIG announce the appointment of Gordon Browne?

AIG announced the appointment of Gordon Browne on May 22, 2024.

What was Gordon Browne's role at Allianz before joining AIG?

Before rejoining AIG, Gordon Browne served as the Global Head of Specialty at Allianz since April 2023.

What areas will Gordon Browne oversee in his new role at AIG?

Gordon Browne will oversee AIG's global strategy for Specialty businesses, including Marine, Aviation, Credit Lines, and Energy & Construction.

To whom will Gordon Browne report at AIG?

Gordon Browne will report to Jon Hancock, Executive Vice President and Chief Executive Officer of International Insurance at AIG.