AIG reshuffles leadership to focus on underwriting business ...Middle East

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Oct 11 (Reuters) – American International Group (AIG.N) (AIG) on Wednesday appointed company insiders David McElroy, Don Bailey, and Jon Hancock to key positions in a bid to strengthen its underwriting performance. McElroy was appointed as chairman of general insurance, while Bailey and Hancock were named chief executive officers of the North America and international insurance businesses, respectively. “(The) appointments align with our plans to create a leaner operating model, while remaining extremely focused on advancing our underwriting performance,” AIG chief Peter Zaffino said in a statement. The New-York based company’s general insurance underwriting income fell 26% in the second q

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