American International Group recently made two new major domestic executive appointments: Lex Baugh is AIG’s new chief executive officer, North America General Insurance, and George Stratts has been named CEO of AIG’s Lexington Insurance Company.
Baugh is a 30-year AIG veteran, and was previously president of Liability and Financial Lines at AIG, where he has been overseeing the largest part of the global Commercial portfolio. Before that, he was president of Global Casualty at AIG, and chief risk officer/head of strategic planning for AIG Property Casualty, among other positions.
In his new role – a newly-created position – Baugh oversees AIG’s U.S. and Canada General Insurance business, and has responsibility for developing and executing a profitable, client-focused strategy. He reports to Peter Zaffino, CEO, General Insurance, and will be a member of the General Insurance Executive Leadership Team.
In Stratts’ new role running Lexington Insurance Company – what AIG said is the largest Excess and Surplus underwriter in the U.S. – Stratts will be responsible for growing the division and delivering specialized capabilities, product innovation, and distribution strategies that focus on client and broker needs.
Stratts has more than 25 years of commercial property insurance experience in both admitted and non-admitted markets. Previously, he was president of AIG’s Property and Special Risks division globally, and was also once executive vice president of Lexington Insurance Co. He joined AIG in 1999, after serving in various positions at Chubb’s property and marine business for eight years.
Stratts will report to Baugh and serve on the General Insurance Executive Leadership Team.