NEW YORK--(BUSINESS WIRE)--Oct. 25, 2013--
American International Group, Inc. (NYSE:AIG) today announced that it
has appointed Seraina Maag as the new President and Chief Executive
Officer of its Europe, Middle East, and Africa (EMEA) region, effective
November 11, 2013.
Ms. Maag is a proven leader with deep global experience, having held
commercial insurance underwriting and finance roles in Europe, the
United States, and Australia over a career spanning more than 20 years.
She joins AIG from the XL Group, where she was Chief Executive, North
American Property & Casualty, and also held global responsibility for
Excess Casualty and Surety.
At AIG, Ms. Maag will oversee the insurance businesses in the 47
countries that comprise AIG’s EMEA region. Ms. Maag will be based in
London and will report directly to Peter D. Hancock, CEO of AIG Property
Casualty. She succeeds Nicholas Walsh, who has been serving as the
region’s interim head since April. Mr. Walsh will resume his role as
Vice Chairman, AIG Property Casualty, and will continue to hold his
existing positions on the boards of AIG Europe Ltd., AIG Asia Pacific
Pte. Ltd, and Tata AIG.
“I am delighted to welcome Seraina to AIG,” said Mr. Hancock. “With her
strong insurance background, proven leadership skills, and global
perspective, I am confident she will be an invaluable asset to our
business. We have made great strides over the past several years, and
Seraina’s appointment marks a wonderful addition to our team as we
continue to concentrate on refocusing our business, improving our risk
selection, and delivering outstanding service to our brokers and
customers around the world. I would also like to thank Nic Walsh for his
outstanding leadership of the region over this past year.”
Prior to XL Group, Ms. Maag was President of Zurich North America
Commercial’s Specialties business unit, where she managed all aspects of
U.S. operations, including A&H, Excess and E&S Casualty, Management
Solutions Group (D&O, EPLI, Fiduciary Liability, and Crime),
Professional Liability, Surety, Political Risk, and Trade Credit. She
was promoted to this position after serving as the unit’s Chief
Financial Officer. Ms. Maag also served as head of Investor Relations
and Rating Agencies for Zurich Financial Services in Switzerland, where
she was responsible for managing relationships with global investors,
analysts, and rating agencies.
Before joining Zurich in 2002, Ms. Maag was a founding partner and
financial analyst for NZB Neue Zuercher Bank in Switzerland. Between
1990 and 2000, she held various management positions in underwriting and
finance at Swiss Reinsurance in Switzerland and Australia.
Ms. Maag was elected a Young Global Leader by the World Economic Forum
in 2009 and was named one of Business Insurance magazine's Women
to Watch. She received an MBA from Monash Mt. Eliza Business School in
Australia and is a Certified Financial Analyst. She is a dual citizen of
Switzerland and Australia.
EMEA (Europe, Middle East and Africa) is one of three regions comprising
AIG’s Property Casualty business. The EMEA region is headquartered in
London and Dubai, with over 7,400 employees operating out of 47
countries across the region.
American International Group, Inc. (AIG) is a leading international
insurance organization serving customers in more than 130 countries. AIG
companies serve commercial, institutional, and individual customers
through one of the most extensive worldwide property-casualty networks
of any insurer. In addition, AIG companies are leading providers of life
insurance and retirement services in the United States. AIG common stock
is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com
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AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional 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 coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
Source: American International Group, Inc.
American International Group, Inc.