New CUO is “a results-driven and collaborative chief,” says chief government
American International Group (AIG) has introduced the appointment of Christopher Schaper (pictured above) as world chief underwriting officer. The appointment is ready to take impact after the completion of the beforehand introduced sale of Validus Re to RenaissanceRe, which is predicted to be finalized within the fourth quarter of 2023.
In his new function, Mr. Schaper will report back to Peter Zaffino, chairman and CEO of AIG.
“Since joining AIG in 2019, Chris has been a results-driven and collaborative leader who has demonstrated a commitment to underwriting excellence, as well as strong portfolio management capabilities and financial acumen,” Zaffino mentioned. “I have worked closely with Chris for many years and look forward to continuing to collaborate with him in his new role as we seek to deliver sustained improvements in our financial results by reinforcing a culture of underwriting excellence, enhancing our core capabilities, and developing next generation risk analytics.”
“It is a privilege to be named to this role, and I look forward to working with Peter and colleagues across AIG to progress our strategic initiatives, particularly as they relate to underwriting excellence,” Schaper mentioned.
Schaper has greater than 30 years of expertise within the insurance coverage and reinsurance industries. Presently, he serves because the CEO of AIG Re, main AIG’s world reinsurance enterprise, whereas additionally holding the CEO place at Validus Re and AlphaCat.
Before becoming a member of AIG, Schaper was the CEO of Victor Insurance Holdings, a worldwide underwriting MGA underneath Marsh McLennan. He additionally held outstanding management roles at Montpelier Re Ltd and Blue Capital, in addition to earlier underwriting obligations at Endurance Specialty Insurance Ltd, ERC (a division of GE Capital), and Cigna Insurance. Additionally, he serves as a member of the Corebridge Financial board of administrators.
AIG additionally not too long ago introduced the appointment of Sabra Purtill as chief monetary officer.
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