Reinsurance News
AIG Re
The Mutual Group appoints Brett Humphrey as SVP & CFO
27th June 2024
The Mutual Group, an integrated insurance operations platform serving the mutual industry, recently announced the appointment of Brett Humphrey as Senior Vice President (SVP) & Chief Financial Officer (CFO). Humphrey, who has nearly 20 years of leadership experience in global financial services, will lead high-performing finance organisations within The Mutual Group. In ... Read the full article
AIG names Christopher Schaper Global CUO
27th July 2023
Large global insurer American International Group (AIG) has announced that the current Chief Executive Officer (CEO) of its reinsurance arm, Christopher Schaper, will take on the role of Global Chief Underwriting Officer (CUO) at AIG following the completion of the sale of Validus Re to RenaissanceRe. Industry veteran Schaper has more ... Read the full article
AIG confident in ability to obtain necessary reinsurance for 2023: CEO Zaffino
2nd November 2022
Despite the fact Hurricane Ian will impact an already hardening reinsurance market, Peter Zaffino, Chief Executive Officer (CEO) of global insurer AIG, said today that his firm has commitments from all of its major reinsurers that they'll be able to deploy the same amount of capital to the extent AIG ... Read the full article
Jesse DeCouto promoted to CUO of Validus Re
7th June 2022
Validus Re, the Bermuda headquartered reinsurance underwriting arm of AIG, has a new Chief Underwriting Officer (CUO) in Jesse DeCouto, according to a company memo seen by Reinsurance News. DeCouto, who most recently served as Executive Vice President, Head of Specialty and Credit at Validus Re, will also continue to lead ... Read the full article
AIG ‘very pleased’ with core reinsurance placements at Jan 1: CEO Zaffino
17th February 2022
The Chairman and Chief Executive Officer (CEO) of global insurer AIG, Peter Zaffino, said today that the carrier is "very pleased" with the outcome of its core reinsurance placements at the January 1st, 2022 renewals, despite limited retrocessional and other capacity issues. AIG has been evolving its use of reinsurance for ... Read the full article
Chris Schaper named CEO of AIG’s ILS manager AlphaCat
20th September 2021
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. This 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 ... Read the full article
AIG promotes Elaine Rocha to Global COO of Reinsurance
25th March 2021
Global insurer and reinsurer AIG has promoted Elaine Rocha, Esq. to the newly created position of Global Chief Operating Officer (COO), Reinsurance. Rocha has been with AIG for 11 years, having joined in 2010 as Associate General Counsel and Vice President, Excess Casualty and Cat Excess. In 2014, she took on the ... Read the full article
AIG Re names Paschal Brooks as CEO of AlphaCat
11th June 2020
American International Group (AIG) has announced that Paschal Brooks has taken on the role of Chief Executive Officer (CEO) of AlphaCat Capital Inc., an AIG subsidiary that provides investment advisory services to the insurance-linked securities (ILS) space. Brooks' appointment is effective April 1st, 2020 and he reports to Chris Schaper, CEO ... Read the full article
AIG hires Gero Michel as Head of Risk Analytics, AIG Re
24th March 2020
U.S. insurer and reinsurer American International Group, Inc. (AIG) has hired Gero Michel, who was most recently at broker Aon, as its new Head of Risk Analytics for its reinsurance unit AIG Re. Gero Michel joined AIG Re in February, taking on the new position that will see him working across ... Read the full article
AIG forms global reinsurance business AIG Re, names Marsh’s Schaper CEO
20th June 2019
American International Group, Inc (AIG) has announced the consolidation of its assumed reinsurance operations, resulting in the establishment of global business AIG Re. The global re/insurer has consolidated the assumed reinsurance operations of Validus Re, AlphaCat, and Talbot Treaty into one global reinsurance business, called AIG Re. At the same time, the ... Read the full article
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