5 March 2014 Insurance

AIG restructures commercial insurance leadership

American International Group (AIG) has altered the senior leadership in its commercial insurance business.

AIG has appointed Michael Smith as chief operating officer of its commercial insurance; James Shea as president of global financial lines; and Robert Thomas as president of global specialty lines.

All three executives will report to John Doyle, CEO of global commercial insurance.

Smith most recently served as president global financial lines for AIG. Prior to that, he was president of executive liability. He has significant global experience in underwriting and claims management.

Smith will be responsible for advancing commercial insurance’s long-range strategies and its customer-focused distribution strategy.

Shea, currently president of global specialty lines, will assume Smith’s responsibilities as the new president of global financial lines. He began his career with National Union in New York and has held senior positions including managing director for AIG property casualty in the UK; regional president for AIG property casualty in the Central Europe and CIS Region; head of financial lines for AIU Insurance Company; and regional vice president, General Insurance in Japan.

Thomas will succeed Shea as president of global specialty lines. Thomas moves to the role after serving as the commercial insurance COO since 2011. He previously served as president of AIU Commercial Lines. Thomas also held the position of executive vice president for AIU Corporate Accounts. He was regional president for the Southeast Asia/China Region and the Middle East, Mediterranean, and South Asia Region (MEMSA), as well as country head of AIA Life China.

“Mike, Jim, and Bob are experienced and highly effective executives, each of whom has experience leading global businesses,” said Doyle, commercial insurance CEO.

“We are industry leaders, known for great people, and a commitment to our clients and business partners. We have continued to progress towards our vision to become our customers’ most valued insurer, and I am confident that these changes will further enable us to do so, bringing new perspective and expertise to our clients and distribution partners worldwide.”

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