Don Bailey Joins AIG as Global Head of Distribution and Field Operations

Rhea-AI Summary

American International Group (AIG) has appointed Don Bailey as the new Global Head of Distribution and Field Operations, effective immediately. He will report to Peter Zaffino, CEO. Zaffino emphasized the need to enhance AIG's value proposition in a rapidly evolving marketplace. Bailey, with over 30 years of experience in the insurance industry, previously held senior roles at Bristlecone Partners and Marsh. His appointment is seen as part of AIG’s strategy to deliver strong financial results and improve market relevance.

Positive

• Appointment of Don Bailey as Global Head of Distribution and Field Operations, bringing extensive industry experience.
• Bailey's leadership expected to enhance AIG's value proposition and market relevance.

Negative

• None.

NEW YORK--(BUSINESS WIRE)-- American International Group (NYSE: AIG) today announced that Don Bailey has joined the company as Global Head of Distribution and Field Operations, effective immediately. Mr. Bailey reports to Peter Zaffino, Chairman & Chief Executive Officer.

Don Bailey (Photo: Business Wire)

Mr. Zaffino said, “Over the last few years, we overhauled AIG’s underwriting strategy and risk management profile as we positioned AIG as a global market leader. Continuing to prioritize our value proposition to clients and distribution partners is essential as we reimagine what AIG can do in a rapidly changing environment that presents increasingly complex risks. Don brings a tremendous track record of successfully leading global businesses in the Insurance industry and achieving high quality outcomes for stakeholders. I look forward to working with Don again as we continue to focus on delivering top performing business results.”

Mr. Bailey said, “I am honored to join AIG and the world-class team of professionals Peter has led through an unprecedented turnaround and transformation in our industry. This is an exciting time for the company and I look forward to contributing to the important work being done to make AIG a company that delivers consistently strong financial results, and to increase its relevance in the marketplace by providing expertise and risk solutions that help clients make informed decisions.”

For over 30 years, Mr. Bailey has held many senior roles across the Insurance industry. He is joining AIG from Bristlecone Partners, a growth and human capital consultancy firm, where he had been a Partner since 2017. Prior to that, Mr. Bailey served as President of Global Sales at Marsh. Earlier in his career, Mr. Bailey served as President of Allstate B2B and Chairman of Encompass, the mass affluent personal lines subsidiary of Allstate. He also previously served as Chairman and CEO of Willis Towers Watson North America.

Mr. Bailey earned a B.S. in economics from Allegheny College and an M.B.A. from Eastern University.

American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property casualty insurance, life insurance, retirement solutions, and other financial services to customers in approximately 80 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect their assets, manage risks and provide for retirement security. 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230103005217/en/

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

Dana Ripley (Media): dana.ripley@aig.com

Source: American International Group, Inc.

FAQ

Who has been appointed as the Global Head of Distribution and Field Operations for AIG?

Don Bailey has been appointed as the Global Head of Distribution and Field Operations for AIG.

What is the role of Don Bailey at AIG?

Don Bailey will serve as the Global Head of Distribution and Field Operations, reporting to CEO Peter Zaffino.

What experience does Don Bailey bring to AIG?

Don Bailey has over 30 years of experience in the insurance industry, having held senior roles at Bristlecone Partners and Marsh.

What did Peter Zaffino say about Don Bailey's appointment?

Peter Zaffino stated that Don Bailey has a tremendous track record in the insurance industry and emphasized the importance of enhancing AIG's value proposition.

What is AIG's focus as it enters a rapidly changing environment?

AIG aims to prioritize its value proposition to clients and distribution partners to navigate increasingly complex risks.