AIG is in talks to sell its mortgage insurer United Guaranty to Arch Capital for ~$3.4 billion.
Schaper joined AIG in 2019 as CEO of AIG Re.
The appointment follows AIG’s announcement that General Insurance CEO Jon Hancock will retire from that role at the end of 2026 and become a senior advisor.
AIG did not announce a successor.
Insurer recorded $201 million in catastrophe losses during the quarter from the Iran conflict and US severe convective storms.