American International Group, Inc. (NYSE: AIG) today announced that
David H. McElroy will join the company as Chief Executive Officer of
Lexington Insurance Company at a date to be determined.
Mr. McElroy will lead Lexington Insurance Company and report to Peter
Zaffino, Chief Executive Officer, General Insurance. Mr. McElroy will
serve as a member of the General Insurance Executive Leadership Team and
will oversee all aspects of Lexington’s business, the largest Excess and
Surplus (E&S) underwriter in the United States. General Insurance’s
program business in the U.S. will also report to Mr. McElroy, which
includes a range of niche markets written on both admitted and
non-admitted bases supported by program administrators with
market-leading infrastructure and underwriting expertise.
Mr. Zaffino said: “David is a recognized leader in the insurance
industry with an outstanding track record for delivering underwriting
profit. I look forward to working closely with David as we transform
Lexington and General Insurance to be industry leaders for our clients
and distribution partners.”
Mr. McElroy said: “I look forward to joining AIG General Insurance as
CEO of Lexington and to working with Peter and his leadership team to
restore Lexington to its industry leadership position in excess and
surplus lines underwriting.”
Over the course of his career, Mr. McElroy has held numerous leadership
roles within the insurance industry, including Executive Chairman of
Arch Insurance Group Inc. and Vice Chairman of Arch Worldwide Insurance
Group. Previously, he served as Chairman and Chief Executive Officer of
Arch Worldwide Insurance Group, an executive position of Arch Capital
Group, Ltd. (ACGL).
Earlier in his career, Mr. McElroy held roles at The Hartford Financial
Services Corporation, Reliance National and Chubb. Mr. McElroy is a
graduate of Temple University with a B.A. in business administration.
American International Group, Inc. (AIG) is a leading global insurance
organization. Founded in 1919, today AIG member companies provide a wide
range of property casualty insurance, life insurance, retirement
products, and other financial services to customers in more than 80
countries and jurisdictions. These diverse offerings include products
and services that help businesses and individuals protect their assets,
manage risks and provide for retirement security. AIG common stock is
listed on the New York Stock Exchange and the Tokyo Stock Exchange.
Additional information about AIG can be found at www.aig.com | YouTube: www.youtube.com/aig |
Twitter: @AIGinsurance www.twitter.com/AIGinsurance |
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provided as a convenience, and the information contained on such
websites is not incorporated by reference into this press release.
AIG is the marketing name for the worldwide property-casualty, life and
retirement, and general insurance operations of American International
Group, Inc. For additional information, please visit our website at www.aig.com.
All products and services are written or provided by subsidiaries or
affiliates of American International Group, Inc. Products or services
may not be available in all countries, and coverage is subject to actual
policy language. Non-insurance products and services may be provided by
independent third parties. Certain property-casualty coverages may be
provided by a surplus lines insurer. Surplus lines insurers do not
generally participate in state guaranty funds, and insureds are
therefore not protected by such funds.
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