Update: Late yesterday, AIG announced appointment of Jeremy Johnson as president & CEO of Lexington Insurance Company, AIG’s Excess & Surplus (E&S) division based in Boston. The appointment is effective immediately.
Johnson most recently served as Specialty Product Line Executive, U.S. & Canada, for AIG Property Casualty, overseeing business lines such as aerospace, marine, environmental, SME, trade credit, political risk, and surety. He has been with AIG since 2000.
One business day after announcing four executives, including former CEO of P&C operations in the Americas Peter Eastwood, were leaving the company for Berkshire Hathaway, AIG named Robert Schimek as the new president and CEO of AIG Property Casualty’s Americas region.
Schimek will relocate to New York from London, where he has been serving as president and CEO of the Europe, Middle East and Africa (EMEA) region. Prior to becoming head of EMEA, Schimek was the CFO for AIG Property Casualty.
Making immediate moves to fill the role left behind by Eastwood, AIG announced a number of executives who are also shifting titles and responsibilities—some permanently.
Nicholas Walsh, who ran AIG’s international property/casualty businesses for many years and has spent more than 40 years with the insurer, will become president and CEO of EMEA on an interim basis.
29-year veteran of AIG Alexander Baugh will assume responsibility for AIG’s global Casualty business, reporting. Baugh most recently held the position of chief risk officer and head of strategy for AIG Property Casualty, and before that, he served as CEO of AIG Europe.
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