AIG names new underwriting chief

American Worldwide Group (AIG) has introduced the appointment of Christopher Schaper (pictured above) as international chief underwriting officer. The appointment is about to take impact after the completion of the beforehand introduced sale of Validus Re to RenaissanceRe, which is predicted to be finalized within the fourth quarter of 2023.

In his new function, Mr. Schaper will report back to Peter Zaffino, chairman and CEO of AIG.

“Since becoming a member of AIG in 2019, Chris has been a results-driven and collaborative chief who has demonstrated a dedication to underwriting excellence, in addition to sturdy portfolio administration capabilities and monetary acumen,” Zaffino mentioned. “I’ve labored carefully with Chris for a few years and sit up for persevering with to collaborate with him in his new function as we search to ship sustained enhancements in our monetary outcomes by reinforcing a tradition of underwriting excellence, enhancing our core capabilities, and creating subsequent era threat analytics.”

“It’s a privilege to be named to this function, and I sit up for working with Peter and colleagues throughout AIG to progress our strategic initiatives, notably as they relate to underwriting excellence,” Schaper mentioned.

Schaper has greater than 30 years of expertise within the insurance coverage and reinsurance industries. Presently, he serves because the CEO of AIG Re, main AIG’s international reinsurance enterprise, whereas additionally holding the CEO place at Validus Re and AlphaCat.

Earlier than becoming a member of AIG, Schaper was the CEO of Victor Insurance coverage Holdings, a world underwriting MGA beneath Marsh McLennan. He additionally held outstanding management roles at Montpelier Re Ltd and Blue Capital, in addition to earlier underwriting tasks at Endurance Specialty Insurance coverage Ltd, ERC (a division of GE Capital), and Cigna Insurance coverage. Moreover, he serves as a member of the Corebridge Monetary board of administrators.

AIG additionally lately introduced the appointment of Sabra Purtill as chief monetary officer.

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