American International Group appointed a veteran of MetLife Japan to lead its Asia Pacific General Insurance arm. Swiss Re Corporate Solutions promoted an executive to be head of Excess & Surplus North America – a newly created position.
American International Group Inc. named Sachin Shah as chief executive officer of Asia Pacific, AIG General Insurance.
In this role, Shah will report to Christopher Townsend, CEO of AIG General Insurance International, and will be based in Singapore. Shah’s appointment is effective end of December 2018, subject to regulatory approval.
Previously, Shah served as chairman, president and CEO of MetLife Japan, a position he held since 2013. Earlier in his career, Shah spent five years leading MetLife’s international growth strategies, including overseeing the integration of the acquisition of Alico across more than 50 countries. Shah currently serves as the president of The American Chamber of Commerce in Japan.
Swiss Re Corporate Solutions designated Daniel Vetter as head of Excess & Surplus North America, effective Jan. 1, 2019.
In this newly created role, Vetter will handle the strategy and growth of the company’s E&S Property and Casualty business and also establish Financial & Professional lines within the unit. Based in New York, Vetter will oversee Sales and Underwriting teams across the region.
Vetter, with more than 20 years of insurance industry experience, has a wide background. Since joining Swiss Re in 2000, he has held various P/C underwriting leadership positions, both with Swiss Re Corporate Solutions and its predecessor organizations. Most recently, Vetter was head of Casualty, where he was instrumental in steering the global portfolio and leading the build-out of Corporate Solutions’ Primary insurance capabilities.
Source: AIG, Swiss Re