Boston, MA 10/29/2013 (wallstreetpr) – American International Group Inc (NYSE:AIG) announced recently that it has appointed Seraina Maag as the new Chief Executive Officer and President of its Africa, Middle East, and Europe region. This post of Ms. Maag would be effective from November 11, 2013. Ms. Maag is a leader with impressive global experience as she has organized commercial insurance underwriting in Australia, the United States, and Europe over a career that has spanned for 20 long years. She was the Chief Executive Officer of XL Group, and she has also taken global responsibility for Excess Casualty and Surety.
Ms. Maag will oversee the insurance businesses at American International Group in about 47 different countries that comprise of EMEA region of the company. She will be based in London and will report to the CEO of Property Casualty of the company, Peter D. Hancock, directly. Nicholas Walsh precedes her as he was serving as the interim head of the region since April. He will again resume his role of Vice Chairman of Property Casualty of the company and will continue to take care of his existing positions on the boards of Tata AIG, AIG Asia Pacific Pte. Ltd, and AIG Europe Ltd.
Mr. Hancock said that he is pleased to welcome Seraina to the company. According to him, with the strong insurance background, global perspective, and proven leadership skills of Seraina, she will be an invaluable asset to the company. He said that the company has made great strides over the past several years and the appointment of Seraina marks a great addition to their team as they continue to improve their risk selection, concentrate on refocusing their business, and deliver outstanding service to their customers and brokers around the world. He also thanked Nicholas Walsh for his outstanding leadership over the region for this past one year.
