NEW YORK–(BUSINESS WIRE)–
American International Group, Inc. (NYSE: AIG) announced today that charlie fry is appointed Executive Vice President, Reinsurance Purchasing and Risk Capital Optimization, effective July 31st. Mr. Fry will report to Pierre Zaffino, Chairman and Chief Executive Officer of AIG and will assume responsibility for AIG’s reinsurance buying strategy and investment execution, as well as optimizing capital allocation in the P&C insurance business from AIG. In this role, he will work closely with Shane FitzsimonsExecutive Vice President and Chief Financial Officer of AIG, and Marc LyonsExecutive Vice President, Global Chief Actuary and Head of Portfolio Management of AIG.
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charlie fryExecutive Vice President, Reinsurance Purchasing and Risk Capital Optimization, AIG (Photo: Business Wire)
“I am very happy to welcome Charlie back to AIG. The continued execution of our reinsurance strategy is critical to our progression to becoming a top performing company,” said Mr. Zaffino. “During Charlie’s previous tenure at AIG, he played a key role in AIG’s underwriting turnaround and established a framework for reinsurance purchases and risk and volatility mitigation efforts in our global portfolio. I have worked with Charlie for many years and am confident that he will make a significant contribution to AIG as we move forward with our capital deployment and continue to improve our risk-adjusted returns.
Mr. Fry first joined AIG in 2017 as Global Head of Reinsurance Strategy and Head of Global Portfolio Management for General insurance. After leaving AIG in 2020, he served as General Manager of Acacia Holdings Ltd.a Bermudacapital investment company. He previously served as Group Chief Financial Officer at Novae Group plca UK-listed specialty insurer, and previously was Global Chief Operating Officer at Guy Carpenter. Additionally, he previously worked with Apax partners on his investment in Travelex Group and, from 1999 to 2006, Mr. Fry was a member of the management team of Benfield Group.
“I am delighted to join AIG and it is a privilege to work with Pierre Zaffino.” said Mr. Fry. “AIG is a global leader in risk management, and I look forward to working with Peter and the broader AIG team on this exciting stage of business transformation.
American International Group, Inc. (AIG) is a leading global insurance organization. AIG member companies provide a wide range of property and casualty insurance, life insurance, retirement solutions and other financial services to customers in approximately 70 countries and jurisdictions. These diverse offerings include products and services that help businesses and individuals protect assets, manage risk and provide retirement security. AIG’s common stock is listed on the New York Stock Exchange.
Additional information about AIG is available at www.aig.com | Youtube: www.youtube.com/aig | Twitter: @AIGassurance www.twitter.com/AIGassurance | LinkedIn: www.linkedin.com/company/aig. These references to additional information about AIG have been provided as a convenience, and the information contained on these websites is not incorporated by reference into this press release.
AIG is the trading name for the global property and casualty, life and retirement, and general insurance businesses of American International Group, Inc. For more information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy wording. Non-insurance products and services may be provided by independent third parties. Some property damage coverage may be provided by a Surplus Lines Insurer. Surplus line insurers generally do not participate in state guarantee funds, and policyholders are therefore not protected by these funds.
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Source: American International Group, Inc.