NEW YORK--(BUSINESS WIRE)--Jul. 13, 2017--
American International Group, Inc. (NYSE: AIG) announced today the
appointment of Seraina Macia as Executive Vice President and Chief
Executive Officer (CEO) of a new planned subsidiary that aims to
transform the way that AIG delivers and underwrites commercial
insurance. The appointment is effective immediately.
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Seraina Macia, Executive Vice President and Chief Executive Officer of Planned Technology-Focused Subsidiary, AIG
Ms. Macia will report to AIG President and CEO Brian Duperreault, and
serve on the company’s Executive Leadership Team (ELT).
On May 15, 2017, AIG announced its intention to acquire Hamilton USA,
the U.S. platform of Hamilton Insurance Group (Hamilton), to continue
accelerating AIG’s application of emerging technology and data science
to transform underwriting and claims. Ms. Macia served as CEO of
Hamilton USA.
Following the acquisition’s completion, which is expected in the fourth
quarter of 2017, Ms. Macia will lead the newly acquired platform, which
is expected to put AIG at the forefront of the insurance industry. She
will also play an integral role in the accelerated development of
Attune, the data- and technology-driven joint venture formed last year
by AIG, Hamilton and Two Sigma Investments, LP (Two Sigma). Attune
focuses on the $150 billion small commercial insurance segment.
Mr. Duperreault said: “Seraina brings to AIG a rare combination of deep
insurance expertise and an acute understanding of the role that
technology and data analytics are playing in the ongoing evolution of
our industry. Her perspective will be a valuable one to have on our
leadership team.”
Ms. Macia said, “It is great to be returning to AIG in this exciting new
role. Brian has a clear vision for the future of insurance and for AIG.
I’m looking forward to building on the progress we made at Hamilton USA
in bringing technology and data analytics to risk selection, pricing and
claims-handling processes. With AIG’s purchase of Hamilton’s U.S.
platform, we are poised to transform how our industry operates in a
digital world and how we meet the needs of our clients. I look forward
to being part of expanding and growing AIG during this next chapter in
its history.”
Ms. Macia joins AIG from Hamilton USA, where she was appointed CEO in
2016. Prior to this, she held executive positions at AIG, including CEO
and Executive Vice President of Regional Management & Operations, and
was a member of AIG’s ELT. Prior to this role, she was CEO and President
of AIG’s EMEA region, with responsibility for 47 countries across
Europe, the Middle East and Africa.
Ms. Macia’s increasingly senior roles in the insurance industry have
included CEO of XL Insurance North America, President of Zurich North
America Commercial Specialties business, and Head of Investor Relations
and Rating Agency Management of Zurich Insurance Group. She was also a
founding partner and financial analyst for NZB NeueZuercher Bank in
Switzerland. Between 1990 and 2000, she held various management
positions within underwriting and finance at Swiss Re in Switzerland and
Australia.
Ms. Macia is a member of the Board of Directors and Audit Committee of
Credit Suisse Group. She earned a Master of Business Administration at
Monash Mt. Eliza Business School in Australia, and her designation as
Charter Financial Analyst at CFA Institute in Charlottesville, Virginia.
She has received numerous industry awards, including the INN Women in
Insurance Leadership Award (2012). She was nominated as Young Global
Leader by the World Economic Forum in 2009 and was a Business Insurance
Women to Watch honoree the same year.
# # #
Certain statements in this press release constitute forward-looking
statements. These statements are not historical facts but instead
represent only AIG’s belief regarding future events, many of which, by
their nature, are inherently uncertain and outside AIG’s control. It is
possible that actual results will differ, possibly materially, from the
anticipated results contemplated by these statements. Factors that could
cause actual results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 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's core businesses
include Commercial Insurance and Consumer Insurance, as well as Other
Operations. Commercial Insurance comprises two modules – Liability and
Financial Lines, and Property and Special Risks. Consumer Insurance
comprises four modules – Individual Retirement, Group Retirement, Life
Insurance and Personal Insurance. AIG common stock is listed on the New
York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
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| Twitter: @AIGinsurance | LinkedIn: http://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 coverage is subject to 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.
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Source: American International Group, Inc.
American International Group, Inc.
Investors:
Liz Werner,
212-770-7074
elizabeth.werner@aig.com
or
Media:
Jennifer
Hendricks Sullivan, 212-770-3141
jennifer.sullivan@aig.com