US International Group Inc. said we have made two insurance contract terms and an agreement with the Blackboard Insurance unit.
AIG said Kean Driscoll has been named Global Real Estate and Agriculture Attorney General, General Insurance and Alexander Baugh has been appointed Global Underwire Officer for Accidents and Financial Lines, General Insurance. Both agreements come into force immediately.
In these new roles, Driscoll and Baugh will work with the insurance global insurance organization and regional business groups to adapt to AIG's overall risk appetite and engage with customers and distribution partners for growth opportunities, the statement said. They will report to Tom Bolt, AIG's global chief attorney.
Mr. Driscoll last served as CEO of Validus Reinsurance Ltd. Jeff Clements, formerly Validus Res's chief lawyer, has been appointed CEO of Validus Re. AIG announced its plan to buy Validus Holdings Ltd. for SEK 5.56 billion in January.
Mr. Baugh was most recently President and CEO of North America general insurance.
AIG also said that Uwe Schoberth, former global marketing manager for Sydney, Australia-based QBE Insurance Group Ltd., joins the Blackboard Insurance Unit where he will focus on market conditions and the company's growing marketing strategy. AIG launched Blackboard, the new brand for its technology-focused subsidiary, previously run under the Hamilton USA brand in October.