Revealing the latest executive defection from financially troubled American International Group, Zurich announced that Ty R. Sagalow, former president of AIG Product Development, has been named executive vice president and chief innovation officer for its North America Commercial Marketing unit.

The Schaumburg, Ill.-based insurer said in his new position, Mr. Sagalow will oversee all of North America Commercial's strategic product development initiatives in the United States and Canada, and will have responsibility for the business division's Proposition Development and Marketing Research departments.

Mr. Sagalow will be based in New York and will report to John Parker, chief marketing officer for North America Commercial.

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