Press release from Business Wire
AIG Names New President & CEO of Lexington Insurance Company
Monday, April 29, 2013
AIG Names New President & CEO of Lexington Insurance Company16:53 EDT Monday, April 29, 2013
NEW YORK (Business Wire) -- American International Group, Inc. (AIG) today announced the appointment of Jeremy Johnson as President & Chief Executive Officer of Lexington Insurance Company, AIG's Excess & Surplus (E&S) division based in Boston. He will report to Robert Schimek, President & Chief Executive Officer of AIG Property Casualty's Americas region.
The appointment is immediate and Mr. Johnson will be based in Boston.
Mr. Johnson most recently served as Specialty Product Line Executive, U.S. & Canada, for AIG Property Casualty, overseeing business lines such as aerospace, marine, environmental, SME, trade credit, political risk, and surety.
With AIG since 2000, Mr. Johnson has held high-level underwriting, sales, and managerial roles, including President of Cat Excess Liability, a division of Lexington Insurance Company; and Regional Vice President for Commercial Property Casualty, Midatlantic Region. He also spent several years in various roles in the Boston office of AIG Property Casualty.
Prior to joining AIG, Mr. Johnson was a director and officers liability broker for Sedgwick, Inc. and Marsh, Inc. He holds a BA degree in law from Oxford University.
“Jeremy is a veteran insurance and AIG professional, with demonstrated and extensive experience helping customers and brokers insure large, complex risks,” said Mr. Schimek. “He is well suited and prepared to head Lexington and enhance its position as the leading global E&S platform. I look forward to Jeremy's strong and steady leadership at Lexington.”
Certain statements in this press release constitute forward-looking statements. These statements are not historical facts but instead represent only AIG's belief regarding future events, many of which, by their nature, are inherently uncertain and outside AIG's control. It is possible that actual results will differ, possibly materially, from the anticipated results indicated in these statements. Factors that could cause actual results to differ, possibly materially, from those in the forward-looking statements are discussed throughout AIG's periodic filings with the SEC pursuant to the Securities Exchange Act of 1934.
American International Group, Inc. (AIG) is a leading international insurance organization serving customers in more than 130 countries. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
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AIG is the marketing name for the worldwide property-casualty, life and retirement, and general insurance operations of American International Group, Inc. For additional information, please visit our website at www.aig.com. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries, and coverage is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property-casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.
American International Group, Inc.
Jon Diat, 212-770-3505
Matt Gallagher, 212-458-3247
Liz Werner, 212-770-7074