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Graham Fulcher to Join AIG as International General Insurance Chief Actuary
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Rhea-AI Summary
American International Group (AIG) has appointed Graham Fulcher as the new Chief Actuary for International General Insurance, effective Q1 2022. Mr. Fulcher, previously Chief Actuary at Chubb, will focus on pricing, reserving, and aligning actuarial objectives with AIG's strategies. CEO Jon Hancock emphasized that Fulcher's expertise will enhance AIG's risk management and underwriting excellence. AIG operates globally, providing a broad array of insurance products across 80 countries.
Positive
Appointment of Graham Fulcher as Chief Actuary indicates strategic growth in leadership.
Mr. Fulcher's extensive background in actuarial roles may enhance AIG's risk assessment and pricing strategies.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
American International Group (NYSE: AIG) today announced that Graham Fulcher will join the company as International General Insurance Chief Actuary, a newly created role. Based in London, Mr. Fulcher will report to Jon Hancock, Chief Executive Officer, International General Insurance and Richard Olsen, Chief Actuary, General Insurance. Mr. Fulcher will join the company during the first quarter of 2022.
Graham Fulcher (Photo: Business Wire)
“AIG’s disciplined risk management and focus on underwriting excellence are critical elements on our path to becoming a top performing company and delivering sustainable profitable growth,” said Mr. Hancock. “Graham’s significant technical expertise and proven international leadership capabilities make him uniquely qualified for this important new leadership role.”
Mr. Fulcher’s responsibilities will include determining appropriate pricing, reserving, and establishing risk and actuarial objectives that are aligned with AIG’s global actuarial strategies.
“I look forward to working alongside AIG’s talented actuarial team to predict and mitigate risk across the international portfolio,” said Mr. Fulcher. “AIG is a global leader in the insurance industry and it will be a privilege to help the international business expand and deliver strong financial performance.”
Mr. Fulcher joins AIG from Chubb where he served as Chief Actuary for Overseas General Insurance since 2016. Prior to Chubb, he held a number of senior management roles for Willis Towers Watson’s insurance consulting business, including as Managing Director of the U.K. and Irish property and casualty and life insurance sector practice. Earlier in his career he was Chief Actuary for ACE European Group, Chief Actuary of European operations for ACE Tempest Re, Group Actuary for Cox Insurance Plc and UK Actuary for Cologne Re.
Mr. Fulcher earned his undergraduate degree and master’s degree in Mathematics at Cambridge University and is a Fellow of the Institute and Faculty of Actuaries.
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.
