American International Group, Inc., has appointed Duncan Ellis as head of retail property for its North America general insurance operations.
In a statement, AIG explained that Mr. Ellis will lead AIG's general insurance's North American retail property business and focus on diversifying the company's property portfolio and implementing consistent underwriting practices in the United States, Bermuda, and Canada. He will be based in New York and will report to Ken Riegler, president of North America general insurance, product, and field management.
"Positioning AIG's North American retail property business for sustained profitable growth reflects our commitment to underwriting excellence," said David McElroy, the president and chief executive officer for AIG's North America general insurance business. "Duncan's recognized industry leadership and technical expertise in commercial property insurance ideally qualify him to lead our property business moving forward."
Mr. Ellis said, "I look forward to working with David, Ken, and colleagues across North America general insurance to lead and strengthen AIG's critically important retail property team and portfolio."
Mr. Ellis will join AIG in late September from Marsh, where he served as managing director leading the U.S. property practice, managing 300 brokers serving more than 3,500 clients. For a decade, he served as the senior executive for Marsh's property practice in the United States, overseeing a portfolio that encompassed large global risk management clients and middle market accounts.
"Duncan's vast industry relationships and significant executive leadership experience will enhance our commercial property insurance business," said Mr. Riegler. "I look forward to welcoming Duncan to AIG and working with him to deliver value, service, and innovation to our clients."
Mr. Ellis began his insurance career as a property and casualty underwriter for The Chubb Group of Insurance Companies, prior to joining Marsh in 1992. He holds a B.S. from St. Lawrence University and an M.B.A. in corporate finance and international business from N.Y.U.'s Stern School of Business.
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].