AIG reveals new NA General Insurance and Lexington CEOs
American International Group (AIG) has appointed Lex Baugh as CEO of North America General Insurance.
In this newly-created role, Baugh will oversee AIG’s US and Canada general insurance business, with responsibility for the development and execution of a profitable, client-focused strategy. He will report to Peter Zaffino, CEO of general insurance, as a member of the general insurance executive leadership team.
Most recently, 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. Baugh also served as chief risk officer and head of strategic planning for AIG property/casualty, and previously as president and CEO of Chartis Europe Holdings.
"Lex brings an enormous amount of leadership experience to this role, with over 30 years at AIG," said 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, the company has named George Stratts CEO of excess and surplus (E&S) underwriter Lexington Insurance Company. In this role, he will report to Baugh and serve on the general insurance executive leadership team. 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," Zaffino commented.
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, Stratts held various positions in the property and marine businesses at Chubb for eight years.