American International Group (AIG) has announced the appointment of Christopher Schaper (pictured above) as chief risk officer, effective immediately.
Schaper, who has been serving as AIG’s interim chief risk officer since September, will continue to report to AIG chairman and chief executive officer Peter Zaffino and remain a member of AIG’s executive leadership team.
Schaper joined AIG in 2019, initially serving as CEO of AIG Re and later advancing to global chief underwriting officer in 2023. His previous roles include CEO positions at Validus Re and AlphaCat and senior roles at Marsh McLennan, Montpelier Re Ltd, Endurance Specialty Insurance Ltd, and GE Capital.
In his new role, Schaper will oversee AIG’s global enterprise risk management organization, which includes the company’s risk management strategy, policies, and practices. He will also continue to act as AIG’s global chief underwriting officer on an interim basis until a successor is appointed.
In a news release, Zaffino noted Schaper’s extensive industry experience and his role in developing AIG’s underwriting culture.
“I have known Chris for over 25 years, and his deep understanding of our industry and expertise in risk management have helped shape our culture of underwriting excellence,” Zaffino said. “I am confident that under Chris’ leadership, our risk organization will further enhance our enterprise risk framework to address the evolving global risk landscape.”
Recently, the American insurance giant also announced the election of Courtney Leimkuhler, a co-founder and managing partner at the venture fund Springbank, to its board of directors as an independent director.
Leimkuhler brings to the organization expertise from her leadership roles at major financial institutions, including Goldman Sachs, NYSE Euronext, and Marsh McLennan.
“Courtney’s extensive background in financial services, including the global insurance industry, combined with her leadership in developing data and digital companies that have differentiated themselves in the markets where they compete, will be an excellent addition to the AIG board of directors,” Zaffino said.
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