American International Group, Inc., has named Charlie Shamieh to be chief executive officer of life, health, and disability insurance.
Alessa Quane, currently chief risk officer for commercial insurance, will assume Mr. Shamieh's responsibilities as corporate chief actuary, overseeing global actuarial and value management.
Mr. Shamieh will report to Kevin Hogan, the chief executive officer of consumer insurance, and Ms. Quane will report to David Herzog, the chief financial officer. The appointments take effect in March 2015.
“We are delighted that Charlie, a seasoned executive who has broad international experience in both life and non-life insurance, is taking on this role,” Mr. Hogan said. “He is well-suited to bring further innovation and creativity to the expanding life, health, and disability opportunities available to AIG. 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 U.S., Japan, China, and the U.K., as well as explore additional opportunities to enter new products, services, and geographies.”
Mr. Shamieh has more than 28 years of industry experience, having held senior insurance and reinsurance executive positions across three continents.
Prior to joining AIG, Mr. Shamieh held insurance and reinsurance executive positions at Munich Re Group, AMP, Mercer, Deloitte, and Oliver, Wyman & Company. Mr. 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.
An 18-year veteran of AIG, Ms. Quane becomes corporate chief actuary after serving in a variety of leadership roles at AIG in enterprise risk management and actuarial. Prior to becoming chief risk officer for commercial insurance, she supported the property casualty business as chief risk officer and as head of enterprise risk strategy. Ms. Quane also served as chief risk officer for AIG's international businesses and as chief actuary for the U.K./Ireland and European regions.
“Alessa is a proven leader,” Mr. Herzog said. “As AIG's chief actuary, Alessa will be responsible for leading, and continuing to build on, the foundations that Charlie and his teams have created. We are confident in Alessa's abilities and the perspectives she will bring to this leadership role, especially as AIG faces increasingly new and complex risks specific to our businesses.”
Ms. Quane is a fellow of the Casualty Actuarial Society and a member of American Academy of Actuaries. She holds a B.S. in business administration from Drake University.
Learn more: www.aig.com.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].