AIG Appoints Charlie Shamieh CEO Life, Health, and Disability Insurance; Alessa Quane Named Corporate Chief Actuary
November 13 2014 - 3:30PM
Business Wire
American International Group, Inc. (NYSE: AIG) announced today
that it has named Charlie Shamieh Chief Executive Officer, Life,
Health, and Disability Insurance. Alessa Quane, currently Chief
Risk Officer for Commercial Insurance, will assume Mr. Shamieh’s
responsibilities as Corporate Chief Actuary, overseeing Global
Actuarial and Value Management.
Mr. Shamieh will report to Kevin Hogan, Chief Executive Officer,
Consumer Insurance, and Ms. Quane will report to David Herzog,
Chief Financial Officer. The appointments take effect in March
2015.
“We are delighted that Charlie, a seasoned executive who has
broad international experience in both life and non-life insurance,
is taking on this role,” Mr. Hogan said. "He is well-suited to
bring further innovation and creativity to the expanding Life,
Health, and Disability opportunities available to
AIG. Charlie’s role as Corporate Chief Actuary has provided
him great insight into the structural drivers behind all of our
products and businesses. He will continue to enhance and further
develop our businesses in the U.S., Japan, China, and UK, as well
as explore additional opportunities to enter new products,
services, and geographies.”
Mr. Shamieh has more than 28 years of industry experience,
having held senior insurance and reinsurance executive positions
across three continents. Since joining AIG in 2007, he has made
significant contributions, including building the risk functions in
each of AIG’s insurance businesses and, in 2011, establishing the
first integrated corporate actuarial function. In this role, he
also led AIG’s insurance company regulatory and rating agency
capital and asset-liability management efforts, as well as
value-based management initiatives.
Prior to joining AIG, Mr. Shamieh held senior insurance and
reinsurance executive positions at Munich Re Group, AMP, Mercer,
Deloitte, and Oliver, Wyman & Company. Mr. Shamieh holds a
Bachelor of Economics degree from Macquarie University, and is a
Fellow of The Institute of Actuaries of Australia and a Member of
the American Academy of Actuaries.
An 18-year veteran of AIG, Ms. Quane becomes Corporate Chief
Actuary after serving in a variety of leadership roles at AIG in
Enterprise Risk Management and Actuarial. Prior to becoming Chief
Risk Officer for Commercial Insurance, she supported the property
casualty business as Chief Risk Officer and as Head of Enterprise
Risk Strategy. Ms. Quane also served as Chief Risk Officer for
AIG’s international businesses and as Chief Actuary for the
UK/Ireland, and European regions.
“Alessa is a proven leader,” Mr. Herzog said. “As AIG’s Chief
Actuary, Alessa will be responsible for leading, and continuing to
build on, the foundations that Charlie and his teams have created.
We are confident in Alessa’s abilities and the perspectives she
will bring to this leadership role, especially as AIG faces
increasingly new and complex risks specific to our businesses.”
Ms. Quane is a Fellow of the Casualty Actuarial Society and a
Member of American Academy of Actuaries. She holds a Bachelor of
Science in Business Administration degree from Drake
University.
American International Group, Inc. (AIG) is a leading
international insurance organization serving customers in more than
130 countries and jurisdictions. AIG companies serve commercial,
institutional, and individual customers through one of the most
extensive worldwide property-casualty networks of any insurer. In
addition, AIG companies are leading providers of life insurance and
retirement services in the United States. 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 | LinkedIn:
http://www.linkedin.com/company/aig |
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.
AIGMedia:Matt Gallagher,
212-458-3247matthew.gallagher2@aig.comorLauren Kochendarfer,
212-770-3155lauren.kochendarfer@aig.comorInvestors:Liz Werner
212-770-7074elizabeth.werner@aig.com
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