Global insurance player American International Group (AIG) has named Charles Fry (most recently of Novae) to the role of Head of Reinsurance, Operations and Transformation, General Insurance, effective immediately.
Fry, who was most recently Group Chief Financial Officer at Novae Group plc, will oversee AIG’s Global Reinsurance, Shared Services, Transformation and Administration functions, reporting directly to Peter Zaffino, Chief Executive Officer, General Insurance and will also become part of the AIG General Insurance Executive Leadership Team.
AIG recently announced a re-organisation into three distinct operating divisions, General Insurance, led by Peter Zaffino, as CEO; Life & Retirement, led by Kevin Hogan, CEO; and a stand-alone, technology-enabled platform, led by Seraina Macia, CEO.
The hiring of Charles Fry by Zaffino seems to be a first move to put in place leadership experience suited to the new divisional split.
Having worked with Charlie in the past, I am confident he brings a valued skill set to these important responsibilities. Charlie has a proven track record of running complex operations, change management projects and profit improvement in the insurance and reinsurance industry,” commented Zaffino. “We are very pleased to have Charlie join our team as we continue to grow and transform our business.”
Fry added; “I feel privileged to be joining AIG at such an exciting time and look forward to working alongside a group of talented colleagues and contributing to the profitable growth of the business.”
Prior to his time at Novae, Fry had held the role of Chief Operating Officer at Guy Carpenter, where he worked with Zaffino. Between 1999 and 2006 Fry served on the senior management team of reinsurance broker Benfield Group, as Chief Financial Officer of the principal operating subsidiary, Benfield Limited.