Schaper brings more than three decades of experience in the insurance and reinsurance industries to AIG. (Photo: AIG) Schaper brings more than three decades of experience in the insurance and reinsurance industries to AIG. (Photo: AIG)

American International Group Inc. (AIG) has announced the formation of AIG Re, which consolidates the company's assumed reinsurance operations, including Validus Re, AlphaCat and Talbot Treaty, into one global business. Leading the charge is Christopher Schaper, who has been appointed CEO, effective July 1, 2019.

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