AIG has appointed David McElroy to the newly created role of Chairman General Insurance and has announced leaders for its North America and International operations. 

Mr McElroy, who has been CEO General Insurance, has more than 30 years’ experience in the industry and joined AIG in 2018. 

“I am grateful to Dave for his leadership and significant contributions over the past five years, as we built out an industry-leading global team and underwriting culture,” Chairman and CEO Peter Zaffino said. 

“I am confident that over the next few years, he will continue to drive significant value for our stakeholders in this new role, which will leverage his deep industry expertise, his exceptional underwriting experience, and his significant capabilities in the market.” 

Don Bailey, currently Global Head of Distribution and Field Operations, will become North America Insurance CEO and Jon Hancock, currently CEO of International General Insurance, will assume the role of CEO, International Insurance. The changes are effective January 1. 

The roles involve leading the underwriting, distribution and the business teams in North America and International, reporting to Mr Zaffino and serving on the AIG Executive Leadership Team. 

“Don and Jon’s appointments align with our plans to create a leaner operating model, while remaining extremely focused on advancing our underwriting performance, continuing to enhance our operational excellence, and achieving double-digit returns,” Mr Zaffino said. 

Mr Hancock, whose international responsibilities include the Asia Pacific region, joined AIG in 2020 from Lloyd’s.