Reinsurance News

Chris Schaper named CEO of AIG’s ILS manager AlphaCat

20th September 2021 - Author: Luke Gallin

Chris Schaper, Chief Executive Officer (CEO) of AIG Re and Validus Re, will assume direct CEO leadership of insurer AIG’s insurance-linked securities (ILS) manager, AlphaCat.

chris-schaper-alphacatThis appointment aligns all core businesses of AIG’s assumed reinsurer directly under the leadership of Schaper.

Current CEO of AlphaCat, Paschal Brooks, is set to depart AIG to pursue other opportunities, but will remain with the firm into early 2022 in a non-executive capacity.

Schaper has more than 30 years of experience in the insurance and reinsurance sectors. He joined AIG from broker Marsh, where he served as CEO of the managing general agent business.

Previously, he served as President of Montpelier Re Ltd. and Underwriting Chairman of Blue Capital.

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Commenting on his new role, Schaper said: “AIG Re’s success is based on the seamless strategies and execution we provide our clients, from reinsurance capacity through Validus to capital market access through AlphaCat.

“We look to further align and focus all aspects of our reinsurance business to effectively deliver all our capabilities to the market.”

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