AIG announces leadership change

AIG announced that David McElroy will retire from AIG effective May 1, 2024. McElroy has agreed with AIG to accelerate his retirement date for personal reasons and will remain available to the company.

McElroy joined AIG in 2018 as President and CEO of Lexington Insurance Company and was CEO of General Insurance from August 2020 to December 2023 and Chairman of General Insurance since January 1, 2024.

“David McElroy joined AIG at a pivotal time as we began the multi-year effort of improving our underwriting performance and refining our risk appetite. Thanks to the hard work and determination of our entire team, AIG is now widely recognized as a leading global insurer by our clients, distribution partners and many stakeholders.” – Peter Zaffino, AIG Chairman & Chief Executive Officer.