American International Group, Inc. (AIG) announces the formation of AIG Re, which consolidates the company’s assumed Reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty into one global business. The company also announced that Christopher Schaper has been appointed CEO of AIG Re, effective July 1, 2019.
In this new role, Mr. Schaper will oversee implementation of AIG’s assumed Reinsurance strategy with a focus on continuing to develop, market and deliver innovative reinsurance and capital market solutions to clients on a global basis. Mr. Schaper will report to Peter Zaffino, President and CEO, AIG General Insurance, and Global Chief Operating Officer, AIG. Mr. Schaper will be based in Bermuda.
Mr. Schaper brings more than three decades of experience in the insurance and reinsurance industries to AIG. He joins AIG from Marsh, where he was CEO of the managing general agent businesses since 2016. Prior to that, Mr. Schaper served as President of Montpelier Re Ltd. and Underwriting Chairman of Blue Capital, Montpelier’s capital markets entity.