NEW YORK--(BUSINESS WIRE)--Mar. 4, 2014--
American International Group, Inc. (NYSE:AIG) today announced senior
leadership changes in its Commercial Insurance business, naming Michael
Smith Chief Operating Officer (COO). Also, James Shea has been appointed
President of Global Financial Lines, and Robert Thomas has been named
President of Global Specialty Lines. All three executives will report to
John Q. Doyle, CEO of Global Commercial Insurance.
As COO, Mr. Smith will be responsible for advancing Commercial
Insurance’s long-range strategies and its customer-focused distribution
strategy. He will direct a team responsible for broker and client
relationships; Global Risk Solutions, including multinational insurance
strategy; and marketing strategy and innovation. Mr. Smith will also
oversee operations and systems initiatives for Commercial Insurance
worldwide.
Mr. Smith most recently served as President of Global Financial Lines
for AIG. Prior to that, he was President of Executive Liability. Mr.
Smith has significant global experience in underwriting and claims
management.
Mr. Shea, currently President of Global Specialty Lines, will assume Mr.
Smith’s responsibilities as the new President of Global Financial Lines.
Mr. Shea began his career with National Union in New York and has held
senior positions including Managing Director for AIG Property Casualty
in the UK; Regional President for AIG Property Casualty in the Central
Europe and CIS Region; Head of Financial Lines for AIU Insurance
Company; and Regional Vice President, General Insurance in Japan. Mr.
Shea has been based in various cities throughout his tenure with AIG,
including London, New York, Singapore, Paris, and Tokyo.
Mr. Thomas will succeed Mr. Shea as President of Global Specialty Lines.
In this role, he will oversee aerospace, environmental, marine, trade
credit, political risk, surety, and programs insurance worldwide. Mr.
Thomas moves to the role after serving as the Commercial Insurance COO
since 2011. He was instrumental in setting Commercial Insurance on the
right path to improve its business mix and build its strategy. He has
deep experience in international commercial lines, having served as
President of AIU Commercial Lines. Mr. Thomas also held the position of
Executive Vice President for AIU Corporate Accounts. He was Regional
President for the Southeast Asia/China Region and the Middle East,
Mediterranean, and South Asia Region (MEMSA), as well as Country Head of
AIA Life China.
“Mike, Jim, and Bob are experienced and highly effective executives,
each of whom has experience leading global businesses,” said Mr. Doyle,
Commercial Insurance CEO. “We are industry leaders, known for great
people, and a commitment to our clients and business partners. We have
continued to progress towards our vision to become our customers’ most
valued insurer, and I am confident that these changes will further
enable us to do so, bringing new perspective and expertise to our
clients and distribution partners worldwide.”
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. 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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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 jurisdictions, 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.
Source: American International Group, Inc.
AIG
Media:
Matt Gallagher, 212-458-3247
matthew.gallagher2@aig.com