AIG has appointed Charlie Shamieh as CEO for life, health, and disability insurance.
It means Alessa Quane, currently chief risk officer for commercial insurance, will assume Shamieh’s responsibilities as corporate chief actuary, overseeing global actuarial and value management.
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Shamieh will report to Kevin Hogan, CEO, consumer insurance, and Quane will report to David Herzog, chief financial officer. The appointments take effect in March 2015.
Hogan said Shamieh is well-suited to bring further innovation and creativity to the expanding life, health, and disability opportunities available to AIG.
Hogan said: "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 US, Japan, China, and UK, as well as explore additional opportunities to enter new products, services, and geographies."
Shamieh has more than 28 years of industry experience, having held senior insurance and reinsurance executive positions across three continents.
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By GlobalDataPrior to joining AIG, Shamieh held senior insurance and reinsurance executive positions at Munich Re Group, AMP, Mercer, Deloitte, and Oliver, Wyman & Company.
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.
