AIG appoints McElroy to lead NA general insurance and Levinson as Lexington CEO
American International Group (AIG) has promoted David McElroy, currently president and CEO of Lexington, to president and CEO of general insurance operations in North America, taking over from Lex Baugh.
In his new role, McElroy will continue to oversee Lexington, as well as AIG Risk Management (AIGRM), financial lines, Validus Specialty, Western World, Glatfelter and programs. He will also oversee the US, Bermuda and Canada underwriting and field operations of general insurance.
McElroy will report to Peter Zaffino, CEO general insurance and global chief operating officer of AIG, and continue to serve as a member of the general insurance executive leadership team.
McElroy first joined AIG in October 2018. Prior to that, he held numerous leadership roles within the insurance industry, including executive chairman of Arch Insurance Group and vice chairman of Arch Worldwide Insurance Group.
In connection with McElroy’s new role, AIG also announced that Lou Levinson has been named president and CEO of Lexington. He will continue to report to McElroy, with responsibility for the ongoing repositioning of the Lexington and its new strategy to become an excess & surplus lines market leader.
Levinson has served as Lexington’s head of casualty since joining AIG in September 2018.
“David’s strong track record of leading profitable underwriting businesses and his deep client relationships make him ideally qualified to lead the North American operations of General Insurance,” said Zaffino. “I look forward to continuing to work with David as we position AIG for sustainable underwriting profitability.”
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