AIG board director to leave due to health reasons

Global re/insurance conglomerate  American International Group’s (AIG) board member who was the former chair and CEO of  CNA following more than three decades at  Chubb has decided to retire due to health reasons.

Thomas Motamed (Pictured), a director of the company since January 2019, is retiring from AIG’s board of directors.

Motamed was chairman and chief executive officer of CNA Financial Corporation from 2009 to 2016. Prior to CNA, he spent over 30 years at The Chubb Corporation, where he rose to vice chairman and chief operating officer. He is a past chairman of the Insurance Information Institute.

“On behalf of the Board of Directors, I want to thank Tom for his leadership and many contributions to AIG over the last few years,” said Peter Zaffino, chairman and chief executive officer.

“On a personal level, I have appreciated Tom’s steady and balanced perspectives regarding AIG’s turnaround and transformation. We wish Tom the very best as he focuses on his own well-being and that of his family.”

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