American International Group (AIG) has rehired Chris Townsend, who returns after a stint as President of MetLife’s Asia region, to act as Chief Executive Officer (CEO) of International General Insurance.
He will report to Peter Zaffino, CEO, General Insurance, as a member of the General Insurance Executive Leadership Team and is expected to join the company in the first quarter of 2018.
“We are extremely pleased to welcome Chris back to AIG,” said Zaffino, “he is a highly experienced leader in the insurance industry who knows our company well.
“He brings deep international expertise to our team, as well as a proven track record of delivering strong financial and operating results. I look forward to partnering with Chris as we strategically position General Insurance for the future.”
Townsend, said; “I started my career at AIG, and it feels great to be returning and to be part of the next era in the company’s long history.
“I look forward to working with Peter and his talented team to build on AIG’s strong global footprint and contribute to a growing, successful future.”
Townsend boasts 25 years insurance industry experience, having previously served as president of MetLife’s Asia region, with responsibility for operations across 11 markets in Asia, and as a member of the company’s Executive Group.
He joined MetLife from AIG, where he held senior roles with increasing responsibility based out of London, New York, Singapore, Sydney and Hong Kong, including acting as CEO of AIG’s Asia-Pacific region from 2010-2012.
He serves on the Board of the Japan Society and holds positions as Advisor to the Asia Society, Vice Chairman of the U.S.-Korea Business Council, and a member of the international advisory council to the Guangdong Government.
