American European Group has appointed Peter J. Livaich as senior vice president of AE Specialty, a newly formed property underwriting manager that will target distressed, coastal and large property risks throughout the United States.

Livaich is a forty-year insurance industry veteran who comes to AEG from Columbia, SC-based Companion Property and Casualty Group, where he served for two years as property underwriting officer.  Prior to that, Livaich spent nine years at Bala Cynwyd, PA-based  Global Indemnity, where he held multiple SVP positions, one of which entailed the launch and ongoing management of a successful start-up nationwide E&S property brokerage division with an eight-year loss ratio of 48 percent including catastrophe results.  Livaich also held executive positions at United States Liability Insurance Group, Philadelphia Insurance Company and CGU Insurance Company.

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