American International Group made two promotions affecting its communications and government affairs functions.
The insurer said that Lucy Fato would take on the newly-created position of Global Head of Communications and Government Affairs, while continuing with her current duties as Executive Vice President & General Counsel. In a related move, Emily Garbaccio has been promoted to Global Head of Corporate Communications, AIG, and Global Chief Marketing & Communications Officer, General Insurance. Garbaccio has also joined the General Insurance Executive Leadership Team.
Fato, in her expanded role, takes responsibility for Global Communications in addition to the Government Relations and Public Policy group, which she has overseen since May. Fato will continue to report to AIG CEO Brian Duperreault, and, with respect to Global Communications, will report to AIG President and CEO-elect Peter Zaffino.
Garbaccio will report to Fato and David McElroy, Chief Executive Officer, General Insurance and Executive Vice President, AIG.
Fato joined AIG in October 2017 as Executive Vice President & General Counsel. She was previously Managing Director, Head of the Americas and General Counsel at Nardello & Co., a global private investigative firm, where she remains on the Advisory Board. Before that, she was Executive Vice President & General Counsel of McGraw Hill Financial (now known as S&P Global) and Vice President, Deputy General Counsel and Corporate Secretary at Marsh & McLennan Companies. Fato began her legal career at the law firm Davis Polk & Wardwell, where she spent 14 years, including five as a partner in the capital markets group.
Garbaccio joined AIG in August 2018 as Global Head of Leadership and Transformation Communications, General Insurance and, in 2019, took on responsibility for communications related to AIG 200. Her background includes more than 20 years of in-house and agency leadership roles for both privately held and publicly traded companies, including Kate Spade, J.C. Penney, LaForce + Stevens and Burson-Marsteller.