Previously, McElroy served as chairman and CEO of Arch Worldwide Insurance Group, an executive position of Arch Capital Group Ltd. (Image: Fotolia)
American International Group Inc. announced that David H. McElroy will join the company as CEO of Lexington Insurance Company at a date to be determined. He will lead Lexington Insurance Company and report to Peter Zaffino, CEO, General Insurance.
McElroy will serve as a member of the General Insurance executive leadership team and will oversee all aspects of Lexington's business. General Insurance's program business in the U.S. will also report to McElroy, which includes a range of niche markets written on both admitted and non-admitted bases supported by program administrators with infrastructure and underwriting expertise.
Past employment experience
Over the course of his career, McElroy has held numerous leadership roles within the insurance industry, including executive chairman of Arch Insurance Group Inc. and vice chairman of Arch Worldwide Insurance Group. Previously, he served as chairman and CEO of Arch Worldwide Insurance Group, an executive position of Arch Capital Group Ltd.
"I look forward to joining AIG General Insurance as CEO of Lexington and to working with Peter and his leadership team to restore Lexington to its industry leadership position in excess and surplus lines underwriting," McElroy said in a statement.
"I look forward to working closely with David as we transform Lexington and General Insurance to be industry leaders for our clients and distribution partners," Zaffino said in a statement.
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