AIG Names Lex Baugh as Chief Executive Officer, North America General Insurance; George Stratts to Lead Lexington
November 07 2017 - 8:15AM
Business Wire
American International Group, Inc. (NYSE:AIG) announced today
the appointment of Lex Baugh as Chief Executive Officer, North
America General Insurance. In this newly created role, Mr. Baugh
will oversee AIG’s U.S. and Canada General Insurance business, with
responsibility for the development and execution of a profitable,
client-focused strategy. He will report to Peter Zaffino, Chief
Executive Officer, General Insurance, as a member of the General
Insurance Executive Leadership Team. The appointment is effective
immediately.
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Lex Baugh, Chief Executive Officer, North
America General Insurance (Photo: Business Wire)
Most recently, Mr. Baugh served as President of Liability and
Financial Lines at AIG, overseeing the largest part of the global
Commercial portfolio. Prior to that, he was President of Global
Casualty at AIG. Mr. Baugh also served as Chief Risk Officer and
Head of Strategic Planning for AIG Property Casualty, and
previously as President and Chief Executive Officer of Chartis
Europe Holdings Limited.
“Lex brings an enormous amount of leadership experience to this
role, with over 30 years at AIG,” said Mr. Zaffino. “I look forward
to working with Lex and Chris Townsend, who we recently appointed
as CEO of International General Insurance, to transform our
business globally into a profitable and growing organization,
aligned with the market and with the needs and expectations of our
clients and distribution partners.”
As part of the change in General Insurance, George Stratts will
be named Chief Executive Officer of Lexington Insurance Company,
the largest Excess and Surplus (E&S) underwriter in the U.S. In
this role, he will report to Mr. Baugh and serve on the General
Insurance Executive Leadership Team. Mr. Stratts will be
responsible for growing the Lexington franchise and delivering
specialized capabilities, product innovation, and distribution
strategies focused on the needs of clients and brokers in this
segment.
“George’s deep expertise in the E&S market and proven
leadership in property insurance represents the commitment we’re
making to dedicate our best resources to this strategically
important business,” said Mr. Zaffino.
Mr. Stratts has over 25 years of commercial property insurance
experience in both admitted and non-admitted markets. Most
recently, he was President of AIG’s Property and Special Risks
division globally and prior to that, served as Executive Vice
President of Lexington Insurance Company. Before joining AIG in
1999, Mr. Stratts held various positions in the property and marine
businesses at Chubb for eight years.
Certain statements in this press release constitute
forward-looking statements. These statements are not historical
facts but instead represent only AIG’s belief regarding future
events, many of which, by their nature, are inherently uncertain
and outside AIG’s control. It is possible that actual results will
differ, possibly materially, from the anticipated results
contemplated by these statements. Factors that could cause actual
results to differ, possibly materially, from those in the
forward-looking statements are discussed throughout AIG’s periodic
filings with the Securities and Exchange Commission pursuant to the
Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading global
insurance organization. Founded in 1919, today AIG member companies
provide a wide range of property casualty insurance, life
insurance, retirement products, and other financial services to
customers in more than 80 countries and jurisdictions. These
diverse offerings include products and services that help
businesses and individuals protect their assets, manage risks and
provide for retirement security. 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 | YouTube: www.youtube.com/aig |
Twitter: @AIGinsurance www.twitter.com/AIGinsurance |
LinkedIn: www.linkedin.com/company/aig. These references with
additional information about AIG have been provided as a
convenience, and the information contained on such websites is not
incorporated by reference into this press release.
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20171107005931/en/
American International Group, Inc.Media:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comorJessica McGinn,
212-458-4215jessica.mcginn@aig.comorInvestors:Liz Werner,
212-770-7074elizabeth.werner@aig.com
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