AIG unveils global reinsurance business AIG Re under Marsh's Christopher Schaper
American International Group has consolidated its assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, to form one global business, called AIG Re.
AIG Re will be led by Christopher Schaper as chief executive officer (CEO), effective July 1, 2019.
Schaper joins AIG from Marsh, where he was CEO of the managing general agent businesses since 2016. Prior to that, he served as president of Montpelier Re and underwriting chairman of Blue Capital, Montpelier’s capital markets entity.
Schaper brings more than three decades of experience in the insurance and reinsurance industries to AIG. He has previously held several leadership positions at Endurance Specialty Insurance, including chief underwriting officer and head of reinsurance, and head of casualty treaty reinsurance.
In his new role, Schaper will oversee implementation of AIG’s assumed reinsurance strategy with a focus on continuing to develop, market and deliver innovative reinsurance and capital market solutions to clients on a global basis.
He will report to Peter Zaffino, president and CEO, AIG General Insurance, and global chief operating officer. He will be based in Bermuda.
“Building on our efforts to position AIG as an industry leader, Chris will lead AIG Re’s delivery of differentiated value to our clients through the creation of new pools of risk and the deployment of alternative capital,” said Zaffino. “Chris’ deep reinsurance expertise and industry relationships will accelerate the execution of our strategy for AIG Re. I look forward to welcoming Chris to AIG.”
Schaper said: “I am pleased to join AIG as the company focuses on enhanced opportunities, underwriting excellence and differentiating its capabilities in the global market. I look forward to working closely with the Validus Re, AlphaCat and Talbot teams as we position AIG Re to deliver current and innovative products to clients and partners as well as engage in new initiatives as we further develop our global business.”
