Reinsurance News

Validus Re CEO, Kean Driscoll joins AIG CUO office

6th June 2019 - Author: Luke Gallin

Insurer and reinsurer AIG has appointed Validus Re Chief Executive Officer (CEO), Kean Driscoll, Global Chief Underwriting Officer (CUO) for Property and Agriculture, General Insurance. At the same time, Alexander Baugh has been named Global CUO for Casualty and Financial Lines, General Insurance.

AIG LogoBoth appointments are effective immediately, and in these new underwriting leadership roles, Driscoll and Baugh will work with the General Insurance division’s underwriting organisation and regional business teams to align underwriting with the group’s overall risk appetite.

Driscoll and Baugh will report to Tom Bolt, Global CUO, AIG General Insurance, and will remain on the General Insurance Executive Leadership Team.

Driscoll was a founding member of Validus, which was acquired by AIG for $5.56 billion in July of last year, and most recently served as CEO of Validus Re. In connection with Driscoll’s appointment, Jeff Clements, previously CUO of Validus Re, has been appointed as the reinsurer’s new CEO, effective immediately.

Baugh has spent his 35-year career with AIG, and most recently served as President and CEO of North America General Insurance.

AIG General Insurance President and CEO, Peter Zaffino, commented: “These leadership appointments strengthen our focus on underwriting excellence. I look forward to continuing to work with Kean and Lex in their new roles as we expand our capabilities for our clients and partners.”

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