American International Group said Christopher Schaper, currently CEO of AIG Re, has been named global chief underwriting officer of AIG, effective as of the closing of the previously announced sale of Validus Re to RenaissanceRe, which is expected to occur in the fourth quarter of 2023.
Schaper will report to Peter Zaffino, chairman and CEO of AIG.
“Since joining AIG in 2019, Chris has been a results-driven and collaborative leader who has demonstrated a commitment to underwriting excellence, as well as strong portfolio management capabilities and financial acumen,” Zaffino said. “I have worked closely with Chris for many years and look forward to continuing to collaborate with him in his new role as we seek to deliver sustained improvements in our financial results by reinforcing a culture of underwriting excellence, enhancing our core capabilities, and developing next generation risk analytics.”
Schaper is currently CEO of AIG Re, the global reinsurance business of AIG, as well as CEO of Validus Re and AlphaCat. He joined AIG in 2019 from Marsh McLennan, where he was CEO of Victor Insurance Holdings, Marsh’s global underwriting MGA. Prior to that, Schaper served as president of Montpelier Re Ltd and underwriting chairman of Blue Capital, Montpelier’s capital markets entity.
Aspen Appoints Brough Head of Marketing and U.S. Distribution
Aspen Insurance Holdings Limited, headquartered in Hamilton, Bermuda, appointed Caryn Brough head of US distribution. She will also continue overseeing Aspen’s global marketing and brand strategy as group head of marketing.
Brough has been with Aspen since 2017 and led Aspen’s re-branding efforts in 2021. She previously served in several roles at Prudential Financial, including product manager, new initiatives.
HUB Appoints Giannisis North American Property Practice Leader
Hub International Limited, headquartered in Chicago, Ill., appointed Blake Giannisis as the North American property practice leader.
Before joining HUB, Giannisis spent over two decades at some of the industry’s largest global brokerages and, most recently, served as a national property broking officer at Aon. He has also previously served as a senior vice president at both Wells Fargo Insurance Services and Marsh.
Topics USA Underwriting Leadership Property AIG
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